Matching principles refers to that the expenses incurred during a period be recorded in the same period in which the related revenues are earned.
If a Business fails to follw the principle It may not be able to create proper financial statements and that may provide an inaccurate current position of the business
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Answer:
(B). Adverse selection.
Explanation:
Adverse selection in insurance occurs when customers obtain insurance coverage based on certain information they possess about a potential risk, which the insurance company is usually not aware of. For example a person who does a dangerous job may want to purchase a disability insurance.
<em>Sofie and the members of her homeowner's association, looking to increase their homeowner's property coverage limits, due to information they have about possible hurricane storms in the area, is an example of </em><em>adverse selection</em><em>.</em>
Answer:
See below
Explanation:
Business refers to the practice of producing or purchasing goods and services for sale to make a profit. It is the act of engaging in commercial activities of buying and selling products and services for profits.
Business entails individuals and companies' activities of supplying desired products and services to customers with profit motives. A businessperson identifies a need in the community. He or she sells to the community goods or services that satisfy that need a higher price to make a profit.
Answer:
b. entrepreneur
Explanation:
An entrepreneur is a person who owns, manages and bears the financial risks of a business venture.
I hope my answer helps you.