The Monetary Unit Assumption assumes That

question 91

Multiple Choice

The monetary unit assumption assumes that:

• A)the value of money is not stable.
• B)the idea that expressing financial facts and events is meaningful only when they can be expressed in monetary terms.
• C)the business will continue to operate indefinitely.
• D)revenues and expenses of a business can be separated into separate time periods.

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Definitions:

Facet Satisfaction

The level of contentment an individual feels with specific aspects or facets of their job, such as pay, work environment, and responsibilities.

Distributive Unfairness

The perception that the outcomes or rewards one receives are not proportionate to the contributions made or effort expended, compared to others.

Procedural Fairness

The fairness attributed to the processes that lead to outcomes, emphasizing transparency, and consistency in decision-making.

Interactional Fairness

Interactional fairness involves the quality of interpersonal treatment individuals receive when procedures are implemented, emphasizing respect and information conveyance.