Price Serves the Function of ____ for Goods, Services, and Financial

question 105

Multiple Choice

Price serves the function of ____ for goods, services, and financial resources.

• A) distributor
• B) determining factor
• C) screener
• D) quantifier
• E) allocator

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Definitions:

Accounting Period

An Accounting Period is a specific time frame for which financial statements are prepared, helping to compare and analyze financial performance and position, commonly a year, quarter, or month.

Time Period Assumption

The accounting principle that assumes a business's complex and continuous activities can be divided into shorter periods, such as months, quarters, or years, for reporting purposes.

Artificial Time Periods

Divisions of time into periods for accounting purposes that may not correspond to actual calendar periods.

Economic Entity

A unit in the economy that is capable of engaging in financial activities, such as a person, corporation, or government entity.