<u>Materiality:</u> it's a principle which states that the financial statements of a business should fully disclose all transactions that the business made.
<h3>What is GAAP?</h3>
GAAP is an abbreviation for Generally Accepted Accounting Principles and it comprises the financial accounting standards, procedures and principles that must be used by all public institutions operating in the United States of America.
Additionally, <u>GAAP</u> is the stock market regulator. Also, <u>conservatism</u> is a principle that involves exercising caution while estimating expenses or profits.
In conclusion, financial accounting standards board (FASB) is the body that established Generally Accepted Accounting Principles (GAAP).
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Answer:
A)All businesses are in the persuasion business
Explanation:
Persuasion Businesses can be regarded as act/ process involving presentation of arguments to move as well as to motivate the audience. In Persuasion process, motivation is one of compelling stimulus which encourages the audience to change or adjust their beliefs/ behavior towards adoption of ones argument.
Automatic stabilizers have a similar impact as discretionary fiscal policy but occur automatically, without action by the government. Automatic stabilizers increase aggregate demand during recessions and reduce aggregate demand during expansions.
Maria recently put her house on the market at an asking price of $260,000. She realizes, however, that in order to sell the house, she may have to use price skimming
<h3>What is
price skimming?</h3>
Price skimming is a pricing strategy that a company can use when launching a new product or service.
Price skimming is commonly used for new technologies. DVD players are an excellent example of this. When DVD players first became available in the late 1990s, they could cost up to $1,000. If you do a quick search on Amazon, you'll find that a new DVD player costs only $33.
The pricing strategy will be influenced by the stage of the product's life cycle. The process of charging a relatively high price for a product is referred to as price skimming. When a product is new to the market, skimming is commonly used (in its introduction or growth phase)
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Answer:
B. Delegating
Explanation:
Delegating refers to the situation whereby an entity is assigned the authority or given the leeway in carrying out specific job task. Before an individual is delegated to carrying out an assignment, he or she must have shown competence in completing such task in the past. In this scenario, it is believed that Ryan's workers are highly ready based on their ability to perform their job. Thus, Ryan could decide to carry out delegation style of leadership since the workers are highly ready.
