Which One of the Following Is Violated When a Company

question 93

Multiple Choice

Which one of the following is violated when a company pays for its CEO's personal groceries using the company's bank account?

• A) Stable dollar
• B) Economic entity
• C) Going concern
• D) Ethical principle of accounting

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Definitions:

Long-Term Objectives

Goals that an organization aims to achieve over an extended period, typically beyond one year, to guide strategic direction and growth.

Short-Term Problems

Issues or challenges that need immediate resolution but do not typically affect long-term performance or strategy.

Strategic Opportunism

The practice of staying open to new opportunities while having a strategic framework to guide decision-making.

Long-Term Objectives

Strategic goals that an organization or individual aims to achieve over an extended period, typically several years or more.