Reference no: EM132788340

Problem 1: Which of the following is a benefit of measurement in accounting?

Select one:

Option 1: It allows users to assess the performance of the entity.

Option 2: It makes information more decision useful.

Option 3: It allows users to compare entities.

Option 4: All of the above.

Problem 2: Which of the following is a fundamental assumption of public interest theory?

Select one:

Option 1: Regulation is costly.

Option 2: Economic markets are inefficient.

Option 3: There is an efficient market.

Option 4: People rationally advance their own self-interest.

Problem 3: A reason why someone may accept a theory without having 'first hand' or direct knowledge of the topic are:

Select one:

Option 1: Lack of knowledge regarding the authority of the source of the theory.

Option 2: Other people choose not to accept the theory.

Option 3: Evidence exists that refutes the theory.

Option 4: The theory makes sense and fits with personal experiences and beliefs.