A Broad Principle That Requires Identifying the Activities of a Business

question 212

Multiple Choice

A broad principle that requires identifying the activities of a business with specific time periods such as months,quarters,or years is the:

• A)Operating cycle of a business.
• B)Time period assumption.
• C)Going-concern assumption.
• D)Expense recognition (matching)principle.
• E)Accrual basis of accounting.

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Definitions:

Extraverted

Characterized by an outgoing, socially confident personality and behavior.

Conscientiousness

A personality trait characterized by being thorough, careful, or vigilant; implies a desire to do a task well.

Productivity

The efficiency of industrious output regarding how output per input unit is measured, particularly in business sectors.

Job Setting

A job setting refers to the environment or workplace where an individual performs their occupational tasks, including physical space, cultural context, and organizational structure.