The Principle of 'Stewardship' Means That the Main Focus of Accounting

question 17

Multiple Choice

The principle of 'stewardship' means that the main focus of accounting is on providing information to:

• A)employees.
• B)shareholders.
• C)accounts payable.
• D)None of the above

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Definitions:

Adjustable-peg Mechanism

A method used in international monetary systems where a country's exchange rate is periodically adjusted within a band or in response to specific indicators.

Common Currency

A currency that is used by multiple countries, simplifying trade and financial transactions between them, with the Euro being one of the most notable examples.

External Adjustment

The process by which an economy corrects imbalances in its balance of payments, through changes in exchange rates, demand, and supply in foreign exchange markets.