All of the Following Are Components of the Conceptual Framework

question 19

Multiple Choice

All of the following are components of the conceptual framework for financial reporting except ________.

• A) qualitative characteristics
• B) standards
• C) principles of recognition and measurement
• D) elements of the financial reporting system

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Definitions:

Well-ordered Machines

A metaphor for systems or organizations that operate efficiently and effectively, with all components working harmoniously.

Watson

John B. Watson, an American psychologist who established the psychological school of behaviorism.

Organic Reflex Reactions

Automatic, involuntary responses of the organism to internal or external stimuli.

Personality

The combination of emotional, attitudinal, and behavioral response patterns of an individual.