The Benefit of a Cross Sectional Analysis of Inventory Across

question 44

Multiple Choice

The benefit of a cross sectional analysis of inventory across multiple stores includes

• A)Auditor identification of locations for detailed testing of inventory.
• B)Auditor detail as to specific units by month.
• C)Auditor conclusions regarding the fair presentation of obsolescence.
• D)Auditor evidence of physical existence.

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Definitions:

Marketing Research Study

A Marketing Research Study involves systematically collecting, analyzing, and interpreting data about a market, including products and consumers, to inform business decisions.

Syndicated Data

Data collected on a regular basis by market research companies and then sold to businesses interested in the findings for their market analysis.

Informal Marketing Research

Informal Marketing Research involves gathering market data and insights in a non-structured manner, often through casual conversations, observations, or unsolicited feedback.

Newly Reduced Hours

The shortening of operating, working, or service hours from what was previously established or expected.