Which of the Following Is Not an Objective of the International

question 14

Multiple Choice

Which of the following is not an objective of the International Accounting Standards Board (IASB) ?

• A) to establish legally enforceable accounting standards to govern international business
• B) to formulate and publish accounting standards to be observed in the presentation of financial statements
• C) to work for the harmonization of accounting standards
• D) all are objectives of the IASB

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Definitions:

Linear Graphing

A method of representing data or functions as a straight line on a graph, which showcases a linear relationship between variables.

Exponential Growth

Increase at a rate proportional to the current value, resulting in the growth accelerating over time.

Linear Equations

Definition: Algebraic equations in which each term is either a constant or the product of a constant and a single variable.

Linear Graphing

A method for representing data or equations that result in a straight line when plotted on a graph.