The Timeliness Principle Assumes That an Organization's Activities Can Be

question 7

Multiple Choice

The timeliness principle assumes that an organization's activities can be divided into specific time periods including:

• A) One month.
• B) Quarters.
• C) Fiscal year.
• D) Calendar year.
• E) Any of the above.

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Definitions:

Economy Control

The use of various tools and policies by a government to regulate and oversee the economy’s health and stability.

Stagflation

A condition of slow economic growth and relatively high unemployment – a period of stagnation – accompanied by rising prices (inflation).

High Unemployment Rates

A condition where a significant portion of a workforce is not employed but is actively seeking work, reflecting economic downturns or structural changes in the economy.

High Inflation Rates

A situation characterized by a rapid and excessive rise in the general price level of goods and services in an economy over a period of time.