A Company Using the Same Accounting Principles from Year to Year

question 262

Multiple Choice

A company using the same accounting principles from year to year is an application of

• A) timelines.
• B) consistency.
• C) full disclosure.
• D) materiality.

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Definitions:

Four Major Categories

A general term that could refer to the primary classifications or groupings in a given context, which necessitates specification to define.

Active Listening

A communication technique that involves giving full attention to the speaker, understanding their message, and responding thoughtfully.

I-Messages

A communication technique that focuses on the speaker's feelings and needs rather than criticising or blaming the listener.

Choice Theory

A psychological model explaining human behavior based on internal motivation, suggesting that all choices are made to satisfy five basic needs.