Which of the Following Is Not Classified as a Prior

question 9

Multiple Choice

Which of the following is not classified as a prior period error according to AASB 108?

• A) A mistake in estimating warranty costs
• B) Fraud
• C) Mistakes in applying accounting policies
• D) Oversights or misinterpretations of facts

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Definitions:

Push/Pull View

A strategy in supply chain management focusing on the production (push) based on forecasted demand and the distribution (pull) driven by actual customer demand.

Supply Chain Processes

The series of actions or steps taken to effectively produce and deliver products or services from supplier to customer.

Customer Orders

Requests or instructions from customers to purchase goods or services.

Customer Arrival Process

Describes the pattern or rate at which customers approach or enter a service system, impacting demand and service management.