Crouse Company Applies the Consistency Convention

question 22

Multiple Choice

Crouse Company applies the consistency convention.What does this mean?

• A)Crouse Co.uses the same names for all its expenses as its competitors.
• B)Crouse Co.has selected certain accounting principles that can never be changed.
• C)Crouse Co.applies the same accounting principles each accounting period.
• D)Crouse Co.applies the same accounting principles as it competitors.

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Definitions:

Humanistic Approach

A psychological perspective that emphasizes the study of the whole person and the uniqueness of each individual's experience.

Abraham Maslow

Abraham Maslow was an American psychologist best known for creating Maslow's hierarchy of needs, a theory of psychological health predicated on fulfilling innate human needs in priority, culminating in self-actualization.

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Human Personality

The characteristic set of emotional, perceptual, and behavioral patterns unique to an individual.