Academic Journals Quiz
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Questions and Answers

What is the purpose of an academic journal according to Henry Oldenburg?

  • To restrict the discussion of research
  • To publish articles without any scrutiny
  • To promote only review articles and book reviews
  • To give researchers a venue to impart their knowledge to one another (correct)

    • What type of content do academic journals typically contain?

  • Fictional stories and personal anecdotes
  • Political opinions and editorials
  • Articles presenting original research, review articles, or book reviews (correct)
  • Advertisements and promotional material

    • What is nearly universally required for academic journals?

  • Approval from non-experts in the field
  • Only the approval of the editor
  • Peer review or other scrutiny from contemporaries competent and established in their respective fields (correct)
  • No requirements, as they are open to anyone

    • What is the role of academic journals in relation to research?

    <p>Serve as permanent and transparent forums for the presentation, scrutiny, and discussion of research</p> Signup and view all the answers

    Which group of people is interested in receiving financial information for decision making purposes?

    <p>Stockholders, suppliers, and banks</p> Signup and view all the answers

    To which type of publications does the term 'academic journal' apply?

    <p>Scholarly publications in all fields</p> Signup and view all the answers

    What is the standard framework of guidelines for financial accounting used in any given jurisdiction?

    <p>Generally Accepted Accounting Principles (GAAP)</p> Signup and view all the answers

    Which set of accounting standards states how particular types of transactions and other events should be reported in financial statements?

    <p>International Financial Reporting Standards (IFRS)</p> Signup and view all the answers

    Who is responsible for the preparation of financial statements available for public use?

    <p>Accountants</p> Signup and view all the answers

    Which branch of accounting is concerned with the summary, analysis and reporting of financial transactions related to a business?

    <p>Financial accounting</p> Signup and view all the answers

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