Which of the Following Is Affected as a Result of an Error

question 118

Multiple Choice

Which of the following is affected as a result of an error in performing the physical count of inventory at the end of the accounting period?

• A) sales revenue
• B) operating expenses
• C) net income
• D) net cost of purchases

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Definitions:

Performance-Based Assessment

An evaluation method in which individuals are assessed based on their execution of specific tasks or projects rather than their responses to test items.

Assessment Instruments

Tools or methods used to evaluate, measure, or gauge an individual's abilities, skills, competencies, attitudes, or personality traits.

Journals And Diaries

Procedures that allow individuals to describe themselves and can provide valuable insight into self, or to a clinician, by revealing unconscious drives and desires and by uncovering patterns that highlight issues in a client’s life. Types of record and personal documents.

Inside Perspective

A perspective from within an organization or group, focusing on internal processes, values, and experiences as understood by its members.