Goods in Transit Are Automatically Included in a Company's Inventory

question 77

True/False

Goods in transit are automatically included in a company's inventory account.

---

Definitions:

Goal-Setting Programs

Structured initiatives within an organization that aim to define and achieve specific objectives through actionable steps and milestones.

Planning

The process of setting goals, developing strategies, and outlining tasks and schedules to accomplish the objectives.

Evaluation

The process of systematically examining something to determine its merit, worth, or significance, often using specific criteria.

Kelley's Attribution Theory

A theory that suggests how we explain someone's behavior by attributing it to either their internal disposition or the external situation.