Any attempt to verify outcomes and to compare them with standards can be considered a(n) _____ activity, although many smaller firms do not use this word.
A)ethical
B)auditing
C)formal
D)informal
E)accounting

Question

Quizplus · Accepted Answer

Auditing is the process of verifying outcomes and comparing them with standards. While it may be considered a formal activity, smaller firms may not use the word "auditing" but still engage in the process of verifying outcomes and comparing them with standards. Therefore, option B is the best choice.

Any Attempt to Verify Outcomes and to Compare Them with Standards