Changes in Work Processes, Methods, and Equipment Are a Part

question 35

Multiple Choice

Changes in work processes, methods, and equipment are a part of ________ changes.

• A) technological
• B) people
• C) financial
• D) structural

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Definitions:

IFRS

A collection of accounting principles formulated by the International Accounting Standards Board, known as International Financial Reporting Standards, that aid in the global creation of financial reports.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards used in financial reporting within the United States.

Proprietorships

A business structure where a single individual owns and runs the business, bearing unlimited liability for its debts and obligations.

Partnerships

A business organization legally constituted by multiple individuals who jointly manage the enterprise and share in its profits.