When One Item Is Used to Represent Another,it Is Labeled

question 67

Multiple Choice

When one item is used to represent another,it is labeled a(n) :

• A) concept
• B) theory
• C) ideology
• D) interpretation
• E) symbol

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Definitions:

IASB's Conceptual Framework

A comprehensive set of accounting principles and concepts issued by the International Accounting Standards Board to guide the development of standards.

Financial Reporting

Generating communications that present the financial situation of a corporation to its management team, shareholders, and the government.

General Purpose

An undirected goal, usually implying flexibility and adaptability to a variety of situations or tasks.

Objective

A goal or aim that is sought after; in business, this often refers to specific targets companies aim to achieve.