Different Companies Using the Same Accounting Principles Is an Application

question 180

Multiple Choice

Different companies using the same accounting principles is an application of

• A)consistency.
• B)materiality.
• C)full disclosure.
• D)comparability.

---

Definitions:

Plant Managers

Individuals responsible for overseeing the operations of a manufacturing facility or plant, ensuring efficient production processes.

Direct Operating Expenses

Costs directly associated with the operation of a business, such as wages and materials, but excluding indirect expenses like administrative costs.

Operating Expenses

Operating expenses refer to the costs associated with the day-to-day functioning of a business, excluding direct production costs but including things like rent, utilities, and payroll.

Department Manager

A professional responsible for overseeing the operations, staff, and budget of a department within an organization.