Which of the Following Was Not a Goal of ASOBAT

question 32

Multiple Choice

Which of the following was not a goal of ASOBAT?

• A)To identify the field of accounting so that useful generalizations about it could be made and a theory developed
• B)To establish standards by which accounting information might be judged
• C)To point out possible improvements in accounting practice
• D)To emphasize the creative skill and ability of the accountant, whose presentation should be accepted by those who do not have his or her qualifications and credentials

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Definitions:

Decrease Retailer Prices

The activity of reducing the cost at which goods or services are sold by retail outlets to the consumer market.

Vertical Contracts

Agreements between firms at different levels of the supply chain, such as between a manufacturer and a retailer, aimed at controlling the conditions of sale or establishing terms of collaboration.

Consumers

Individuals or organizations that use economic services or goods, playing a central role in economic systems as the end-users of products.

Promotional Activities

Marketing efforts aimed at increasing awareness, sales, and interest in a product or service through various strategies and channels.