Lilia Hussey Made Two Statements to Sami Moneymaker About Cut-Off

question 14

Multiple Choice

Lilia Hussey made two statements to Sami Moneymaker about cut-off procedures: Testing cut-off transactions is particularly important for transactions close to year end.
Cut-off procedures help determine whether transactions have been recorded in the correct accounting period.
Which of these statements were true?

• A) (i) only
• B) (ii) only
• C) both (i) and (ii)
• D) neither (i) nor (ii)

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Definitions:

Self-Socialization

The process by which individuals actively contribute to their own development and socialization based on their interpretation of their social world.

Cognitive Theories

Psychological approaches that emphasize mental processes such as perception, memory, and problem-solving as key influences on behavior.

Conventional

Adhering to accepted standards and norms of behavior, thought, or technique, often in contrast to unconventional or innovative approaches.

Moral Development

A field of study in psychology that focuses on the evolution of morality—right and wrong, justice, and values—as individuals grow and integrate into society.