Which of the Following Is NOT Given as an Example

question 79

Multiple Choice

Which of the following is NOT given as an example of a decision that may require finance/accounting policies?

• A) To extend the time of accounts receivable
• B) To establish a certain percentage discount on accounts within a specified period of time
• C) To lease or buy fixed assets
• D) To use LIFO, FIFO, or a market-value accounting approach
• E) To be a price leader or a price follower

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Definitions:

Punitive Purpose

Actions or penalties intended to punish an individual or entity, often used in legal and disciplinary contexts to deter undesirable behavior.

Minimum Standards

The least or lowest level of quality, performance, or achievement that is considered acceptable.

Childhood Trauma

Psychological distress occurring in a person due to adverse childhood experiences.

Mental Health Issues

A wide range of conditions affecting an individual’s mood, thinking, behavior, leading to distress or problems functioning in social, work or family activities.