Which of the Following Measures Is Not a Good Example

question 44

Multiple Choice

Which of the following measures is not a good example of a substantive analytical procedure for inventory activities and related accounts?

• A) The inventory turnover ratio.
• B) Gross profit margin ratio.
• C) Current ratio.
• D) Number of days sales in inventory.

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Definitions:

Foreign Corrupt Practices Act

U.S. legislation aimed at preventing companies and their representatives from bribing foreign officials to gain a business advantage.

Bribery of Foreign Officials

The act of offering or giving anything of value to foreign government officials with the intent to influence their decisions in favor of the briber.

Slamming

An illegal telecommunications practice where a customer's telephone service is switched to another provider without their consent.

Consumers

Individuals or groups that purchase goods or services for personal use.