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.

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Definitions:

Coping Skill

Techniques or strategies used by individuals to manage stress, navigate difficult situations, or deal with emotional challenges.

Defense Mechanism

Psychological strategies unconsciously used to protect a person from anxiety arising from unacceptable thoughts or feelings.

Rationalization

To explain on rational grounds, to devise plausible explanations for one’s acts.

Displacement

The transfer of emotions about one person or situation to another person or situation.