The Matching Principle Is Also Called the ________

question 133

Multiple Choice

The matching principle is also called the ________.

• A) adjusting entry concept
• B) revenue recognition principle
• C) expense recognition principle
• D) time period concept

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Definitions:

Management Role

Refers to the functions and responsibilities assigned to managers, including planning, organizing, leading, and controlling.

Entrepreneurship

The process of designing, launching, and running a new business, typically starting as a small business, such as a startup.

Strategic Thinking

The ability to anticipate, envision, maintain flexibility, and work with others to initiate changes that will create a viable future for an organization.

Serial Entrepreneurs

describes individuals who repeatedly start new businesses and take on the risk of being an entrepreneur, moving from one venture to the next.