To Ensure Accuracy and Consistency in the Way Financial Information

question 131

Multiple Choice

To ensure accuracy and consistency in the way financial information is reported, accountants have historically followed which of the following rules?

• A) generally accepted accounting principles
• B) comparable accounting standards
• C) accounting rules and principles
• D) principled accounting procedures

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Definitions:

Corporate Social Responsibility

A business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.

Good Citizenship

Behaviors and actions that exemplify responsibility, contribution, and respect towards society and its members.

Mexican Workers

Individuals from Mexico who are engaged in employment, either within Mexico or abroad, encompassing a wide range of industries and skill levels.

Human Resources Manager

A professional responsible for overseeing the recruitment, training, and welfare of the company's employees, and managing aspects related to employment law and organizational policies.