Which of the Following Is Not a Reason One Set

question 94

Multiple Choice

Which of the following is not a reason one set of international accounting standards are needed?

• A) multinational corporations.
• B) mergers and acquisitions.
• C) information technology.
• D) all of these answer choices are correct.
• IFRS.

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Definitions:

Automatic Stabilizers

Economic policies and programs that automatically adjust to temper the fluctuations in an economy, such as unemployment insurance and progressive taxes.

Annual Deficit

The shortfall that occurs when a government's expenditures exceed its revenues within a one-year period.

Economy Contracting

A phase where there is a decrease in the level of economic activity within a country, often indicated by a reduction in spending, investment, and GDP growth.

Trade Deficits

A situation where a country's imports of goods and services exceed its exports within a specified time period.