Examples of Type I Events Are

question 45

Multiple Choice

Examples of Type I events are

• A)a customer with a material accounts receivable balance goes bankrupt between the balance sheet date and the date of the audit report
• B)the purchase of a new business between the balance sheet date and the date of the audit report
• C)the loss of a warehouse as a result of a fire with a material amount of the loss not reimbursed by insurance between the balance sheet date and the date of the audit report
• D)sale of a bond between the balance sheet date and the date of the audit report
• E)settlement of a legal case between the balance sheet date and the date of the audit report
• F)both A and C
• G)both A and E
• H)both D and E

---

Definitions:

High-Quality Exchange

represents relationships characterized by mutual respect, trust, and encouragement between leaders and followers, often leading to enhanced performance and job satisfaction.

Control Over Outcomes

The ability to influence or determine the results of actions within an individual's or organization's sphere of responsibility.

Attributions

Attributions are explanations or reasons given for people's behavior, including the causes they attribute to events or actions, which can influence their perceptions and interactions.

Organizational Performance

The measurement of an organization's efficiency, effectiveness, and ability to achieve its goals and objectives.