Simon Lists His Building at Current Replacement Value, Rather Than

question 19

Multiple Choice

Simon lists his building at current replacement value, rather than the price he paid for the building. What principle is Simon violating?

• A)Going concern
• B)Cost
• C)Reliability
• D)Business entity

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Definitions:

Organizational Culture

The shared values, beliefs, and practices that influence the behavior and decision-making of an organization's members.