Which of the Following Is NOT a Comparative Advantage of Building

question 14

Multiple Choice

Which of the following is NOT a comparative advantage of building societies over banks?

• A)Perceived as more customer focused.
• B)Better presence in small rural communities.
• C)Subject to less regulation.
• D)Well established specialisation in residential loans.

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Definitions:

Measurement Principle

A principle that requires that amounts be objective and verifiable.

Financial Statements

Official documents detailing a company's financial transactions and status, which encompass the income statement, balance sheet, and statement of cash flows.

Financial Accounting Standards Board

The Financial Accounting Standards Board (FASB) is an independent nonprofit organization responsible for establishing and improving financial accounting and reporting standards for the guidance and education of the public, including issuers, auditors, and users of financial information.

Verifiable Evidence

Information or data that can be substantiated or confirmed through observation, measurement, and documentation.