The Time-Period Assumption Is Necessary Because

question 58

Multiple Choice

The time-period assumption is necessary because

• A)inflation exists and causes confusing swings in financial statement amounts over time.
• B)external users of financial statements want accurately-reported net income for a specific period of time.
• C)financial statements users expect full disclosure of all economic events throughout the entire time period.
• D)it is required by the federal government.

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Definitions:

Leader Behaviors

Actions and attitudes displayed by leaders that influence their group's performance, morale, and effectiveness.

Expectancy Theory

A motivational theory suggesting that individuals are likely to act in a certain way based on the expectation that the act will be followed by a desired outcome.

Path-goal Leadership

A theory that suggests leaders should adjust their style to fit the developmental and psychological needs of their followers to achieve the desired goal.

Follower Characteristics

The traits or qualities of individuals who are led by others, which can influence the leadership process.