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The Convention of Consistency Pertains to the Use of the Same

question 34

True/False

The convention of consistency pertains to the use of the same accounting principles by firms in the same industry.


Definitions:

Five-Factor Model

A theory identifying five primary dimensions of personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

Conscientiousness

A personality trait characterized by thoroughness, carefulness, and the desire to do a task well.

Dependable

Capable of being relied on; trustworthy and consistent in performance or behavior.

Five-Factor Model

A model that outlines five broad dimensions of human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.

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