Which of the Following States That a Company Must Perform

question 148

Multiple Choice

Which of the following states that a company must perform strictly proper accounting ONLY for items that are significant to the business's financial statements?

• A) Accounting conservatism
• B) Materiality concept
• C) Disclosure principle
• D) Consistency principle

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Definitions:

Internal Motivation

The drive to engage in activities for inherent satisfaction or reward, rather than external incentives or pressures.

Personality Analysis

The study or assessment of an individual's character traits, behaviors, and patterns of thinking, often to understand or predict their personality.

Conditions of Worth

Conditions set by significant others (like parents) on their acceptance or love for an individual, which can affect the person's self-concept and psychological development according to Carl Rogers.

Career Choice

The process of deciding which occupation is best suited to an individual's interests, values, and skills.