Which of the Following Accounting Principles Prescribes That an Accounting

question 170

Multiple Choice

Which of the following accounting principles prescribes that an accounting information system report useful, understandable, timely, and pertinent information for effective decision-making?

• A) Flexibility principle.
• B) Relevance principle.
• C) Compatibility principle.
• D) Cost-Benefit principle.
• E) Control principle.

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Definitions:

Target Markets

Target markets are specific groups of potential customers that a business aims to attract and sell to, identified by characteristics like demographics, interests, and behaviors.

Promotion Strategy

Tactics and methods used by a business to promote and bring greater awareness to its products or services.

Market Testing

The process of evaluating consumer response to a product or service in a specific market before a full-scale launch.

Aggressive Salespeople

Sales professionals who use assertive and often pushy techniques to close deals or secure clients.