GAAP Tries to Ensure That Accounting Information Is

question 88

Multiple Choice

GAAP tries to ensure that accounting information is:

• A)accurate, relevant, and factual.
• B)relevant, understandable, and reliable.
• C)understandable, realizable, and error-free.
• D)reliable, historical, and accurate.

---

Definitions:

External Adaptation

The process by which an organization or organism adjusts and changes in response to changes in its external environment.

Visibility

The degree to which something is seen or known by the public, often referring to the extent of exposure or attention that a person or issue receives.

Resistance

Opposing or pushing back against ideas, changes, or circumstances that are perceived as challenging or threatening.

Organizational Culture

The values, beliefs, attitudes, and behaviors shared by members of an organization that influence its social and psychological environment.