Which of the Following States That the Business Should Use

question 92

Multiple Choice

Which of the following states that the business should use the same accounting methods from period to period?

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

---

Definitions:

Incentive Structure

The system of rewards and penalties that motivates individuals or groups to behave in specific ways beneficial to achieving desired outcomes.

Cheat

Engaging in dishonest or unfair practices to gain an advantage, typically forbidden in rules or by law.

Cartel Policies

Strategies and rules established by a cartel, an association of independent businesses formed to control production, pricing, and marketing of goods, to maximize collective profits.

American Automobile Producers

Companies based in the United States that manufacture cars, trucks, and other vehicles.