The CEO of a Business Owns a Home and Two

question 64

Multiple Choice

The CEO of a business owns a home and two automobiles.The company the CEO works for also owns automobiles and a home in a remote area used for strategic planning meetings by its executives.Which principle or assumption "draws a sharp boundary" around the possessions of the CEO and the assets of the business for which he works?

• A) the entity assumption
• B) the stable-monetary-unit assumption
• C) the going-concern assumption
• D) the objectivity assumption

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Definitions:

Gardner's Theory

A theory of multiple intelligences proposed by Howard Gardner, suggesting that individuals possess several independent intelligences.

Multiple Intelligences

A theory proposed by Howard Gardner, suggesting that human intelligence is not a single ability but a set of multiple intelligences that include linguistic, logical-mathematical, musical, spatial, bodily-kinesthetic, interpersonal, intrapersonal, and naturalistic intelligences.

Savant Syndrome

A syndrome in a developmentally disabled person who has some remarkable talent that contrasts with his low level of general intelligence.

Culturally Fair

Describes tests or assessments designed to be free of cultural bias, ensuring fairness to all participants regardless of their background.