The factor which determines whether or not goods should be included in a physical count of inventory is management's judgment. physical possession. legal title. whether or not the purchase price has been paid.

Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.