The Ability of Living Organisms to Maintain a Constant Internal

question 123

Short Answer

The ability of living organisms to maintain a constant internal environment is known as _______.

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Definitions:

Financial Accounting Standards Board

An independent organization responsible for establishing accounting and financial reporting standards for companies and non-profit organizations in the United States.

Assets and Liabilities

Assets are resources owned by a business that have economic value, while liabilities are obligations a business owes to others.

Owner's Equity

The owner's residual interest in the assets of the business after deducting liabilities.

Unit of Measure Concept

An accounting principle that states all business transactions must be recorded in a single, consistent unit of measurement.