The Accounting Convention That Seeks to Reduce Personal Bias in Financial

question 36

Multiple Choice

The accounting convention that seeks to reduce personal bias in financial reports is the:

• A) objectivity convention.
• B) business entity convention.
• C) conservatism convention.
• D) dual aspect convention.

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Definitions:

Product

A product is any good, service, or idea that can be offered to a market to satisfy a want or need.

Opinion

A belief or judgment formed about something, not necessarily based on fact or knowledge but on personal views or preferences.

SPIN

A sales technique that stands for Situation, Problem, Implication, Need-payoff, aimed at understanding and addressing customer needs effectively.

Customer Benefit

The advantage or positive outcome that a customer gains from using a product or service, often used as a key selling point.