Which of the Following Is a Fundamental Accounting Principle

question 22

Multiple Choice

Which of the following is a fundamental accounting principle?

• A) price principle
• B) objectivity principle
• C) subjectivity principle
• D) conformity principle

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Definitions:

Pay Policies

Company guidelines that dictate how employees are compensated, including salaries, bonuses, raises, and pay scales.

Human Resource Tools

Are software and systems used to manage employee information, recruitment, training, performance, and other HR functions.

Employee Behaviors

Refers to actions and conduct of individuals in a workplace setting, which can impact organizational effectiveness.

Benchmarking

A procedure in which an organization compares its own practices against those of successful competitors.