Which of the Following Is the Primary Purpose of Accounting

question 28

Multiple Choice

Which of the following is the primary purpose of accounting?

• A)To establish a business
• B)To identify,record and communicate business transactions
• C)To deceive stockholders
• D)To keep from paying taxes
• E)To establish credit for a company

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Definitions:

Registered Members

Individuals or entities that have completed a registration process to become officially affiliated with or recognized by an organization, program, or website.

Stanley Milgram

A social psychologist known for his research on obedience, demonstrating how people are willing to follow orders given by authority figures, even to the extent of harming others.

Shock Studies

Research experiments that involve delivering electrical shocks to subjects to understand behavior and learning.

Obedience

Obedience is a form of social influence where an individual acts in response to a direct order from another individual, who is usually an authority figure.