A Broad Principle That Requires Identifying the Activities of a Business

question 163

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 principle
• C)Going-concern principle
• D)Matching principle
• E)Accrual basis of accounting

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Definitions:

Cliques

Small, exclusive groups of people or friends, often formed within larger groups, characterized by shared interests and close personal relationships.

Tasks Efficiency

The effectiveness and productivity with which tasks are completed, often within a specified time frame.

Network Centralization

A measure of the extent to which interactions within a network are either concentrated around one or a few nodes or evenly distributed among all nodes.

Simple Tasks

Activities or missions that are straightforward, require minimal cognitive effort, and can be completed quickly.