A Broad Principle That Requires Identifying the Activities of a Business

question 137

Multiple Choice

A broad principle that requires identifying the activities of a business with specific time periods such as months,quarters,or years is the:

• A)Operating cycle of a business.
• B)Time period assumption.
• C)Going-concern principle.
• D)Matching principle.
• E)Accrual basis of accounting.

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Definitions:

Extroverted

A personality characteristic marked by the ability to be social, engage in conversation easily, show confidence, and exhibit a strong capacity for expressing emotions.

Introverted

Describing a person predominantly concerned with their own thoughts and feelings rather than with external things.

Standard Deviation

A calculation used to determine the variability or scattering of data points in a set, indicating the extent to which these points vary from the mean value.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution, aiming to capture the center point of a data set.