Which of the Following Is the Most Correct Definition of Accounting

question 43

Multiple Choice

Which of the following is the most correct definition of accounting?

• A) A system for providing quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions.
• B) An entity without a profit objective, oriented toward providing services efficiently and effectively.
• C) The preservation of a systematic, quantitative record of an activity.
• D) The procedures and processes used by a company to analyze transactions and handle routine bookkeeping tasks.

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Definitions:

Objective Features

Characteristics of an object or environment that exist independently of personal feelings, opinions, or perceptions.

Paralinguistics

The study of non-verbal elements of communication used to convey emotion and nuance, including tone of voice, loudness, rate, and pitch.

Subjective Vitality

Individual group members’ representation of the objective ethnolinguistic vitality of their group.

Social Psychologists

Scientists who study how individuals think, feel, and behave in social contexts.