Which Two Economic Concepts Are Fundamental to the Relevance of Fair

question 13

Multiple Choice

Which two economic concepts are fundamental to the relevance of fair values to accounting?
i) The Efficient Markets Hypothesis
Ii) Supply and Demand
Iii) Economic Rationalism
Iv) Marginal Utility

• A)i.& iii.
• B)i.& ii.
• C)ii.& iv.
• D)iii.& iv.

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Definitions:

Abnormal Results

Test outcomes that fall outside the normal reference range, indicating a possible disease or condition that requires further investigation.

Health Conditions

Any disorder, disease, or ailment that affects the physical or mental well-being of an individual.

Provider

An individual or entity that supplies or makes a service or commodity available to the public, especially within the healthcare sector.

Annual Basis

Referring to events, measurements, or calculations that are considered or occur once every year.