Which of the Following Would Be Considered a Change That

question 59

Multiple Choice

Which of the following would be considered a change that does not affect consistency?

• A) Change expected to have a material future effect.
• B) Change in accounting principle.
• C) Correction of an error in principle.
• D) None of these are considered changes that do not affect consistency.

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Definitions:

Defender Strategy

A business approach focusing on defending existing market positions and focusing on product or service quality and reliability to retain customers.

Existing Products

Items or goods that have been created and are currently available in the market.

Current Market Share

The portion or percentage of total sales in a market captured by a company or product at a specific point in time, indicating competitiveness.

Failures of Process

Incidents or occasions where a procedure or system does not perform its intended function or fails to produce the desired outcome.