The Principle That States That Assets Acquired by the Business

question 13

Multiple Choice

The principle that states that assets acquired by the business should be recorded at their actual price is the:

• A) stable monetary unit assumption
• B) objectivity assumption
• C) cost assumption
• D) reliability assumption

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Definitions:

Growth Needs

Refer to the psychological needs that foster personal development and growth, as featured in models like Maslow's hierarchy of needs.

Need for Power

The need for power is a psychological drive that motivates individuals to seek control or influence over others or situations.

Influence

The ability to impact the personality, growth, or actions of an individual or entity, or the impact in question.

Herzberg's Two-factor Theory

A theory of motivation proposing that employee satisfaction and dissatisfaction are influenced by two independent sets of factors: hygiene factors and motivators.