Which of the Following Principles States That a Business Should

question 29

Multiple Choice

Which of the following principles states that a business should NOT report anticipated gains?

• A) conservatism
• B) materiality concept
• C) disclosure
• D) consistency

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Definitions:

Leader's Actions

refer to the behaviors, decisions, and measures taken by someone in a leadership position, which can significantly impact an organization or group's direction and success.

Guidelines for Ethics

Established principles that dictate appropriate behavior and actions within a specific context or profession.

Leon Wieseltier

An American writer, critic, and magazine editor, known for his works on society, culture, and political commentary.

Core Values

Fundamental beliefs or principles that guide an organization's internal conduct as well as its relationship with the external world.