Which of the Following Principles States That a Business Should

question 47

Multiple Choice

Which of the following principles states that a business should not report anticipated gains?

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

---

Definitions:

Democratic Elitism

A political theory that suggests a small, highly informed and capable group of elites governs in the interest of the larger population.

Elites

A small group of people within a society who hold a disproportionate amount of wealth, privilege, political power, or skill.

Democratic Values

Principles that support the practice of democracy, including fairness, equality, freedom of speech, and the rule of law.

Mail Order Politics

A form of political engagement where campaign materials, fundraising letters, and other political communications are sent to voters or potential supporters through the mail.