The Objectivity Concept Requires That

question 74

Multiple Choice

The objectivity concept requires that

• A) business transactions must be consistent with the objectives of the entity
• B) the Financial Accounting Standards Board must be fair and unbiased in its deliberations over new accounting standards
• C) accounting principles must meet the objectives of the Security and Exchange Commission
• D) amounts recorded in the financial statements must be based on independently verifiable evidence

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Definitions:

Gestalt Psychologist

A psychologist who studies the human mind and behavior as a whole, rather than breaking it down into parts, emphasizing the idea that "the whole is greater than the sum of its parts."

Unconscious Influences

Forces or processes occurring in the mind without one's awareness, impacting thoughts, feelings, and behaviors, as explored in psychoanalytic theories.

Structuralism

Early perspective in psychology associated with Wilhelm Wundt and Edward Titchener, in which the focus of study is the structure or basic elements of the mind.

Objective Introspection

A process in early psychology, involving the examination and observation of one's own mental and emotional processes from an objective standpoint.