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An auditor decides to perform an inventory turnover analysis for both raw materials inventory and finished goods inventory. The analysis would be potentially useful in:
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II. Identifying potential problems in purchasing activities.
III. Identifying obsolete inventory.
A. I, II, and III
B. I and II only
C. III only
D. II and III only
Answer: A
NEW QUESTION: 2
A customer wants to collect performance data for specific virtual-volumes and has created the performance monitor.
What step needs to be performed to enable data capture?
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Which of the following is NOT a cultural impact on the performance appraisal process?
A. Appropriate rewards for achievement
B. Aligning company systems to elicit specific individual performance
C. Type of feedback given
D. Value of individual vs. group performance
Answer: B
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