A Company Decides to Ignore a Very Small Error in Its

question 150

Multiple Choice

A company decides to ignore a very small error in its inventory balance.This is an example of the application of the ________.

• A) conservatism
• B) materiality concept
• C) disclosure principle
• D) consistency principle

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Definitions:

Achievement-oriented Leadership

A leadership style focused on setting challenging goals, emphasizing excellence, and showing confidence in the abilities of team members.

Directive Leadership

A management style where leaders closely control employees' work, give specific directions, and expect followers to comply without question.

Supportive Leadership

A leadership style characterized by providing encouragement, resources, and assistance to subordinates, fostering a positive and motivating work environment.

Participative Leadership

A leadership style in which the leader includes team members in the decision-making process, valuing their input and fostering ownership.