The Consistency Principle States That a Business Should Use the Same

question 92

True/False

The consistency principle states that a business should use the same accounting methods from period to period.

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Definitions:

Behavioral Traits

Behavioral traits are patterns of action or reactions that are consistent over time and are an aspect of an individual's personality.

Personality Inventories

Standardized tools used to assess an individual's personality traits and characteristics, often through self-report questionnaires.

Psychologists

Professionals specialized in the science of behavior and mind, incorporating both conscious and unconscious phenomena, as well as thought and emotion.

Personality Dimension

A specific aspect of personality that represents a continuum of individual differences in behavior, thoughts, and feelings.