Accounting Principles

question 37

Multiple Choice

Accounting principles:

• A)should be accepted by people and organisations who need financial information to make decisions.
• B)explain financial phenomena.
• C)are similar to natural laws,like the law of gravity.
• D)apply only to large business organisations.

---

Definitions:

Conservative

An investment strategy or approach that prioritizes preservation of capital and moderate growth, typically with lower risk.

Financial Plan

A comprehensive evaluation of an individual's or organization's current and future financial state by using current known variables.

Stretch Goals

Highly ambitious or challenging targets set beyond current expectations and capabilities to push performance and drive significant achievements.

Aggressive Optimism

A mindset or attitude where an individual or organization has high expectations and confidence, often pushing boundaries and taking bold actions.