Which One of the Following Statements Best Describes Objectivity

question 97

Multiple Choice

Which one of the following statements best describes objectivity?

• A)When uncertainty exists, understating assets, overstating liabilities, accelerating recognition of losses, and delaying recognition of gains is preferred.
• B)The measurement of an event is verifiable and reliable.
• C)Different firms use identical accounting measurement methods for similar events.
• D)Objectives are laid out that are conservative or too aggressive by management.

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Definitions:

Receptor

A protein molecule that receives and responds to chemical signals, such as hormones or neurotransmitters, affecting cell function.

Axon

A slim, elongated extension of a neuron that generally transmits electrical signals away from the cell body of the nerve cell.

Soma

In biology, the body of an organism as distinct from its reproductive cells; in psychology, it represents the body as perceived from within.

Depolarization

A reduction in the difference in electric charge across a cell membrane, leading to the activation of nerve or muscle cells.