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Explain Why There Is No One Single Measurement Basis That

question 95

Essay

Explain why there is no one single measurement basis that is suitable for all financial assets. Does this mean that a company can choose any measurement base for any investment?


Definitions:

Protist

Common term for a eukaryote that is not a plant, animal, or fungus.

Dinoflagellate

A group of single-celled, mostly marine organisms with two flagella, known for causing bioluminescence and red tides.

Euglenoid

Free-living, flagellated protist in the supergroup Excavata; some have chloroplasts descended from a green alga.

Amoeba

Single-celled protist that extends pseudopods to move and to capture prey.

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