Which of the Following Concepts Was Referred to as a Convention

question 21

Multiple Choice

Which of the following concepts was referred to as a convention in SFAC No. 2?

• A)Consistency
• B)Materiality
• C)Comparability
• D)Conservatism

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Definitions:

Stressors

Events or conditions that cause stress or tension by challenging an individual's ability to cope.

Adaptation-Level Phenomenon

The tendency of humans to quickly adjust to and normalize new stimuli or changes, using them as a new benchmark or standard.

Subjective Well-Being

An individual's self-assessed happiness or satisfaction with life, including emotional and cognitive judgments.

Relative Deprivation

A perceived disadvantage by comparing oneself to others, feeling deprived of something others possess.