Which Type of Accounting Principle Is Concerned with General Approaches

question 45

Multiple Choice

Which type of accounting principle is concerned with general approaches or rules for preparing financial statements and their content?

• A)Input-oriented principles
• B)Output-oriented principles
• C)Constraining principles
• D)Both a and c

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Definitions:

Problem Data Set

A collection of data or information that relates to a particular problem or challenge to be analyzed or solved.

Northwest-corner Rule

A method used in transportation problem solutions in operations research, starting allocation from the northwest corner of a cost matrix and moving through the matrix to minimize costs.

Transportation Problem

A type of optimization problem in operations research aimed at determining the most efficient way of allocating resources to transport goods from suppliers to consumers, minimizing cost.

Transportation Problem

A type of optimization problem in logistics aiming to determine the most efficient way to distribute goods from multiple suppliers to multiple consumers.