A Better Knowledge of ________ Is Essential in Order to Develop

question 202

Multiple Choice

A better knowledge of ________ is essential in order to develop a global mindset

• A)psychology
• B)politics
• C)economics
• D)people and cultures
• E)accounting

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Definitions:

Fiscal Year

A one-year period that companies and governments use for financial reporting and budgeting, different from a calendar year.

Straight-Line Method

The straight-line method is an accounting technique used to allocate the cost of an asset evenly over its useful life for the purposes of depreciation.

Semiannual Interest

The interest on a financial obligation, such as a bond or loan, that is paid twice a year.

Fiscal Year

A one-year period companies use for accounting purposes and preparing financial statements, which may or may not align with the calendar year.