Which Statement Addresses the Consistency Characteristic of Accounting Information

question 66

Multiple Choice

Which statement addresses the consistency characteristic of accounting information?

• A)Companies in the same industry must use the same inventory costing method to facilitate comparison of results.
• B)Financial reporting practices in one country should be consistent with those in other countries.
• C)Businesses should generally use the same accounting methods and procedures from one period to the next.
• D)Once a company selects an inventory costing method, it must always use that method.

Prioritize emergency care actions for unconscious or potentially drugged sexual assault victims.

Provide immediate and proper response and care for sexual assault victims, including those who decline treatment.

Understand the recovery indicators in victims of sexual assault.

Identify and explain the reactions and coping strategies of rape victims during the long-term phase.

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Definitions:

Seniority System

A workplace policy in which decisions on promotions, layoffs, and other job-related conditions are made based on an employee's length of service.

Job Ranking Method

A simple system of job evaluation used to rank jobs in an organization in order of their importance or complexity.

Factor Analysis Method

A statistical technique used to identify underlying variables, or factors, that explain the pattern of correlations within a set of observed variables.

Benchmarking Method

A process of comparing business processes and performance metrics to industry bests or best practices from other companies.