The Accounting Principle That Requires a Company to Use the Same

question 63

Multiple Choice

The accounting principle that requires a company to use the same accounting methods (such as inventory cost flow methods) over a period of time is

• A) the consistency principle.
• B) the conservatism principle.
• C) the full disclosure principle.
• D) the historical cost principle.

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Definitions:

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior.

Contingent Reinforcement

A reinforcement strategy in which a reward or punishment is given only after the desired behavior is demonstrated.

Discrimination Learning

A process in learning theory where an individual learns to respond differently to various stimuli because they have been reinforced for doing so.

Modeling

A learning technique based on observing and imitating the behavior of others, often used in therapy and behavior modification programs.