Purchase Cutoff Procedures Should Be Designed to Produce Evidence About

question 13

Multiple Choice

Purchase cutoff procedures should be designed to produce evidence about whether or not merchandise that is included in the inventory of the company ________.

• A)has been paid for
• B)is physically present in the warehouse
• C)is owned by the company (legal title has been transferred)
• D)relates to the shipping documents for the merchandise issued in the company's name

---

Definitions:

Social Psychology

The subfield that attempts to explain how the actual, imagined, or implied presence of others influences the thoughts, feelings, and behavior of individuals.

Imagined Presence

The sensation or feeling that someone or something is present despite there being no physical presence.

Attributions

Explanations that individuals devise for the causes of their own and others' behaviors and events.

Own Behaviors

The actions or reactions of an individual in response to external or internal stimuli.