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Provide a Definition for Each of the Following Accounting Principles

question 82

Essay

Provide a definition for each of the following accounting principles.
Provide a definition for each of the following accounting principles.


Definitions:

Social Capital

The networks, relationships, and connections among people that can be economically valuable and facilitate cooperation and coordination.

Process Reliability

The likelihood that a process will perform without failure under specified conditions for a given period of time.

Efficiency

The ability to achieve a goal or perform a task with the least waste of resources, including time, energy, and materials.

Accidents

Unplanned events that result in injury, damage, or harm in some way, often prompting investigations into ways to prevent them in the future.

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