Accounting Is a Specialized Language

question 20

Multiple Choice

Accounting is a specialized language.It needs to be specific enough to:

• A) Describe a state or a result
• B) Provide a rank ordering of results
• C) Describe the events that led to a result
• D) All of these.

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Definitions:

Psychologists

Professionals in the field of psychology who study mental processes and behavior, and may provide counseling or therapy.

Range of Phenomena

The breadth or scope of occurrences, situations, or conditions that can be observed or experienced within a particular domain or context.

Descriptive Statistics

Statistical methods used to summarize and describe the main features of a collection of data.

Summarize

To provide a brief statement or account of the main points or highlights of a piece of writing, a discussion, or an event.