A characteristic of a business entity that uniquely distinguishes it from other instances of the entity for the long term is called a(n):
A) name.
B) definition.
C) identifier.
D) integrity rule.
C
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Response bias is when a person gives a "yes" response to a question regardless of what the item asks
Indicate whether the statement is true or false
If setup costs are high, the manufacturer can produce the item often, and the average cost per item is stable and equal to the running costs
Indicate whether the statement is true or false
A managerial accountant who communicates information objectively is exercising which of the following standards?
a. objectivity b. integrity c. competence d. confidentiality
The following are steps to the accounting cycle. Of the following, which step should be done first?
A) Closing entries are journalized and posted to the ledger. B) Transactions are posted to the ledger. C) Adjusting entries are journalized and posted to the ledger. D) Financial statements are prepared.