The Idea That "Firms Should Be Run for Stakeholders Welfare

question 73

Multiple Choice

The idea that "firms should be run for stakeholders welfare " is accepted in:
I. U.S.A.; II) U.K;
III. Germany;
IV. France; V) Japan

• A) I only
• B) I and II only
• C) III, IV and V only
• D) I, II, III, IV and V

Understand the importance of using a representative sample in surveys to ensure validity and reliability of data collected.

Identify the characteristics and limitations of closed and open-ended questions in data collection.

Distinguish between the reliability and validity of a survey and its impact on survey outcomes.

Recognize the significance of conducting interviews and focus groups as primary research methods.

---

Definitions:

Adjusting Entries

Ledger adjustments made at an accounting period's end to distribute income and spending according to the period they occurred.

GAAP

A body of accounting and financial reporting standards and rules widely adopted, defined as Generally Accepted Accounting Principles.

Revenue Recognition

The accounting principle that revenue should be reported at the time goods are sold or services are rendered, regardless of when the payment is received.

Expense Recognition

The accounting principle that matches incurred expenses to the revenue they generate, recognizing expenses in the same period as the related revenues.