The Term Affect Refers to ________

question 172

Multiple Choice

The term affect refers to ________.

• A)actions
• B)emotion
• C)behaviour
• D)thoughts

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Definitions:

Measurement Principle

The accounting principle that determines the criteria under which financial elements are quantified in the financial statements.

Actual Cost

The actual expenditure incurred on goods or services, including all amounts spent to acquire them, minus any discounts or rebates.

Cash-Equivalent Amount

The value of an asset that can easily be converted into a known amount of cash within a short period.

Fraud Triangle

A model explaining the factors that cause an individual to commit fraud, including pressure, opportunity, and rationalization.