Which of the Following Methods Is Required for External Financial

question 121

Multiple Choice

Which of the following methods is required for external financial reporting?

• A) Contribution approach
• B) Variable costing
• C) Direct costing
• D) Absorption approach

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Definitions:

Communication Barriers

Obstacles that hinder the effective exchange of ideas or information, which can arise from linguistic differences, cultural misunderstandings, and physical distance among others.

Cultural Differences

Variabilities in norms, values, beliefs, and practices among people from different backgrounds or communities.

Corporate Grapevine

An informal communication network within a business organization, through which information and rumors circulate.

Instant Messaging

A form of real-time text communication between two or more people over the internet or another network.