Which of the Following Accounting Concepts Has Roots in the Mesopotamians

question 25

Multiple Choice

Which of the following accounting concepts has roots in the Mesopotamians who lived and kept records 5,000 years ago?

• A) The business entity concept.
• B) The accounting equation.
• C) The going concern concept.
• D) CVP analysis.

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Definitions:

Sensory Processes

The operations involved in receiving and representing stimuli from the external environment through the sense organs.

Signal-Detection Theory

A psychological theory explaining how individuals detect a signal amidst noise, focusing on the decision-making process in the presence of uncertainty.

Criterion

A standard, rule, or test by which something can be judged or measured.

Absolute Threshold

The minimum intensity of a stimulus that one can perceive or detect 50% of the time.