Why Is Accounting Not Considered an Activity of Business

question 39

Multiple Choice

Why is accounting not considered an activity of business?

• A) Accountants are employed by outside firms, not directly by the company being audited.
• B) Accountants report the results of business activities performed by others.
• C) Accounting is not a creative function.
• D) Accountants only look at past transactions; activities are current events.

Recognize the role of selective attention in cognitive processes.

Identify the physiological dependencies and effects of substance use and abuse.

Learn the stages of sleep and their characteristics.

Understand the psychological strategies for coping with stress and anxiety.

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Definitions:

Short Run

A period in which at least one of a firm's inputs is fixed and cannot be varied.

Variable Costs

Expenses that directly fluctuate in accordance with the amount of production or output.

Average Cost

The total cost of production divided by the number of units produced, indicating the cost per unit.

Fixed Costs

Costs that do not vary with the level of production or business activity, such as rent, salaries, and insurance.