What Would Be an Advantage of Having All Countries Adopt

question 42

Multiple Choice

What would be an advantage of having all countries adopt and follow the same accounting standards?

• A) Consistency.
• B) Comparability.
• C) Lower preparation costs.
• D) Comparability and lower preparation costs

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Definitions:

Mental Representations

Internal depictions in the mind of information or experiences, such as visuals, words, or concepts.

Mechanical

Pertaining to machines or the principles of mechanics; often describes processes or systems that operate in a machine-like, automatic manner.

Priming

A technique in psychology used to train people's cognitive responses by exposing them to stimuli that influences their subsequent reactions without their awareness.

Anagram

A word or phrase formed by rearranging the letters of a different word or phrase, typically using all the original letters exactly once.