Which of the Following Theories Recognizes the Fact That Every

question 40

Multiple Choice

Which of the following theories recognizes the fact that every business decision affects a wide variety of people-benefiting some and imposing costs on others?

• A)Stakeholder theory
• B)Integrative theory
• C)Altruistic theory
• D)Institutional theory

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Definitions:

Information

Data that is processed, organized, structured, or presented in a given context to make it meaningful and useful.

Voucher

A written document that serves as evidence of a transaction and authorizes payment.

Vouchers Payable

These are obligations or liabilities for goods and services received that are not yet paid for, usually validated by a voucher system.

Gross Method

An accounting practice where purchases are recorded at their full invoice price without deducting any purchase discounts taken.