Why is the use of the U.S. dollar as a unit of measure for financial statement data in the U.S. widely accepted?
a. U.S. dollar remains stable over a long period of time.
b. U.S. dollar is universally recognized as a reliable financial measure.
c. U.S. dollar is the medium of monetary exchange in the U.S.
d. U.S. dollar is required for financial statement presentation by the FASB and SEC.
c
You might also like to view...
When a company sells a long-lived asset, stockholders' equity will change by the:
A. difference between the sales price and the asset's book value. B. amount of the sale. C. amount of the asset's book value. D. amount of the asset's Accumulated Depreciation.
The ACE process for communication can only be used in very complex situations
Indicate whether the statement is true or false.
When he stays in hotels, Jamal packs whatever towels he hasn't dirtied into his suitcase to take home. Because all his colleagues do the same thing, he thinks it is acceptable to do so. In this scenario, which of the following ethical systems has Jamal used to rationalize his decision?
A. universalism B. utilitarianism C. virtue ethics D. relativism E. egoism
Which of the following would be an effective persuasive technique for a manager attempting to persuade her employees to take part in a wellness program?
A) Reminding employees that they may be passed up for promotions if they don't participate B) Making employees feel guilty for not using the benefit C) Using warm words and a conversational tone D) All of these can be effective persuasive techniques.