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This Concept Map, created with IHMC CmapTools, has information related to: mthacker2, ECONOMICS consists of revenue, BUSINESS describes basic concepts, given a choice of reporting options a CPA must select the accounting method that has the least favorable impact on the net income explains fiscal year, theory of causation coincides with causation variables, Principles of Economics introduced the ideas of consumer surplus, supply & demand consists of law of demand, ACCOUNTING consists of depreciation, leading theories define The Matching Principle, BUSINESS expands on observational categories, fiscal year defined as consecutive 12-month period chosen as the organization's annual accounting period, supply & demand consists of law of supply, BUSINESS applies leading theories, BUSINESS entails modes of inquiry, elasticity defined as the responsiveness of quantity to a change in another variable, business cycle views regular patterns of ups and downs in the economy, ACCOUNTING consists of assets, observational categories observe business cycle, ECONOMICS consists of marginal cost, basic concepts include ACCOUNTING, leading thinkers mathmetician Carl Menger