Which of the Following Best Describes a Minimum Compliance Objective

question 19

Multiple Choice

Which of the following best describes a minimum compliance objective?

• A)The company selects accounting policies to minimize earnings.
• B)The company reports the minimum amount of information necessary to comply with legislation.
• C)The company selects accounting policies to comply with contracts or loan agreements.
• D)The company reports to the minimum number of stakeholders possible.

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Definitions:

Opportunity-driven

A mindset or approach that focuses on identifying and exploiting new business or growth opportunities.

Psychological Motivation

The internal processes that stimulate and direct human behavior toward achieving personal or professional goals.

Power

The ability or capacity to influence or control the behavior of others or the course of events.

Need for Affiliation

A psychological term denoting an individual's desire to build relationships and feel connected to others.