Tristan Has a Tendency to Be Self-Focused

question 7

Multiple Choice

Tristan has a tendency to be self-focused.How does this tendency affect her behaviour?

• A) She tends to behave according to her current circumstances.
• B) She tends to behave according to the standards that will bring her praise from her friends.
• C) She tends to behave according to the standards of her family.
• D) She tends to behave according to her own personal standards,rather than those of others.

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Definitions:

International Convergence

A goal or process of harmonizing accounting standards and practices across different countries to improve comparability and transparency of financial reporting globally.

Accounting Standards

Formal guidelines and rules for accounting practices that determine how financial statements are prepared and presented.

FASB

Financial Accounting Standards Board, an independent nonprofit organization responsible for establishing accounting and financial reporting standards for companies and nonprofit organizations in the United States.

Bright-line Rules

Clearly defined rules or standards that leave little ambiguity and are easy to implement or enforce.