A guiding principle is in essence a road map as to how you / your company wants
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A guiding principle is in essence a road map as to how youyour company wants to accomplish goals. Individuals as well as companies define their guiding principles. If your personal goal is to be in a position where you can financially support your family, you can also determine how you intend on accomplishing that goal, your guiding principles. Below are examples of Guiding Principles except one pick it
a
I will be in a position to financially support my family by getting a great education, from there I will get a good job and then I will be financially secure
b
I will be in a position to financially support my family if I focus my energies on finding a rich partner. If I marry well, then I will be financially secure
c
I will be in a position to financially support my family by working harder and smarter than anyone one else in the company that employs me I'll get promoted and then I will be financially secure
d
Actually, all of the above can be considered an example of guiding principle.
Related Book For
Principles of Auditing and Other Assurance Services
ISBN: 978-0078025617
19th edition
Authors: Ray Whittington, Kurt Pany
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