Which of the Following Is the Primary Basis Used to Decide

question 112

Multiple Choice

Which of the following is the primary basis used to decide materiality for a profit-oriented entity?

• A) net sales
• B) net assets
• C) net income before tax
• D) all of the above

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Definitions:

New Members

Individuals or entities that have recently joined a group, organization, or community.

Shared Beliefs

Common ideas or values accepted and held by a group or community, which can influence collective behavior and decision-making.

Organizational Culture

The shared values, beliefs, and norms that influence the way employees think, feel, and act within an organization.

Core Culture

The core values, or underlying assumptions and beliefs, that shape and guide people’s behaviours in an organization.