The Economic Entity Assumption

question 10

Multiple Choice

The economic entity assumption

• A) is inapplicable to unincorporated businesses.
• B) recognizes the legal aspects of business organizations.
• C) requires periodic income measurement.
• D) is applicable to all forms of business organizations.

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Definitions:

Harold Lasswell

Harold Lasswell was an influential American political scientist and communications theorist best known for his studies on the role of propaganda in society, emphasizing the importance of analyzing "who says what, to whom, why, how, and with what effect."

Politics

The set of activities associated with the governance of a country or area, especially the debate among individuals or parties hoping to achieve power.

Influences

The power or capacity to have an effect on the character, development, or behavior of someone or something.

Political Efficacy

The belief or confidence of individuals in their ability to influence the government or political processes.