A Basic Assumption of Accounting Assumes That the Dollar Is

question 62

Multiple Choice

A basic assumption of accounting assumes that the dollar is

• A) unrelated to business transactions.
• B) a poor measure of economic activities.
• C) the common unit of measure for all business transactions.
• D) useless in measuring an economic event.

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Definitions:

Proposing Vision

The act of presenting a future-oriented perspective or direction for an organization or group.

Task-Oriented Behavior

A leadership approach focused primarily on the completion of tasks and the achievement of objectives.

Initiating Structure

The act of defining roles, assigning tasks, and establishing clear patterns of organization and communication within a team or organization.

Maintenance Behavior

Actions or activities aimed at preserving the current state of a system, organization, or relationship, ensuring its continuous operation and effectiveness.