Which of the Following Statements Is FALSE

question 180

Multiple Choice

Which of the following statements is FALSE?

• A)The Securities and Exchange Commission is studying whether and how to require all U.S. public companies to adopt some version of International Financial Reporting Standards within the next decade.
• B)The advantage of a uniform set of global accounting standards is that financial statements from a U.S. company will be comparable to those of a foreign company.
• C)In the long run, a uniform set of global accounting standards should significantly reduce the costs of doing business globally.
• D)With a uniform set of global accounting standards, companies will have to prepare multiple versions of their financial statements.

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Definitions:

Manufacturing Cycle Efficiency (MCE)

Process (value-added) time as a percentage of throughput time.

Division's Margin

The profit generated by a specific division within a company after direct costs and expenses attributable to that division are subtracted.

ROI

Return on Investment, a performance measure used to evaluate the efficiency of an investment or to compare the efficiencies of several different investments.

Investment Opportunity

A financial investment or venture that has the potential to yield returns.