The Stable-Monetary-Unit Assumption

question 42

Multiple Choice

The stable-monetary-unit assumption:

• A)ensures that accounting records and statements are based on the most reliable data available.
• B)requires all entities to record transactions in U.S. dollars.
• C)maintains that each organization or section of an organization stands apart from other organizations and individuals.
• D)enables accountants to ignore the effect of inflation on the accounting records.

---

Definitions:

Academic Performance

The extent to which a student, teacher or institution has achieved their short or long-term educational goals.

Humanistic Personality Theories

Psychological theories that emphasize personal growth, self-awareness, and the inherent goodness of people, focusing on subjective experiences.

Behavioural Perspective

An approach in psychology that focuses on observable behaviors rather than internal states, emphasizing the learning processes that shape behavior.

Reinforcement

In psychology, a process that increases the likelihood of a behavior by adding or removing stimuli following the behavior.