Which of the Following Accounting Areas Involves Professional Judgment: (I)

question 5

Multiple Choice

Which of the following accounting areas involves professional judgment: (i) accounting information systems, (ii) budgeting, (iii) choosing between FIFO and LIFO.

• A) i and ii only.
• B) ii and iii only.
• C) i and iii only.
• D) i, ii and iii.

---

Definitions:

Homosexual Melancholy

The profound sadness or depression that a homosexual individual may experience due to societal rejection or oppression.

Heterosexual Matrix

A concept coined by Judith Butler regarding the socio-cultural interplay of norms that enforce gender binary, sex as biologically fixed, and heterosexuality as natural.

Compulsory Heterosexuality

A concept theorizing the societal expectation that heterosexuality is the normative and enforced sexual orientation.

Epistemology of the Closet

An exploration of how the closet metaphor relates to secrecy and knowledge in discussions around sexuality and gender.