What Is a Possible Danger If Politics Plays Too Big

question 86

Multiple Choice

What is a possible danger if politics plays too big a role in developing IFRS?

• A)Financial reporting standards that are not truly generally accepted.
• B)Individuals may influence the standards.
• C)User groups become active.
• D)The IASB delegates its authority to elected officials.

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Definitions:

Minimum IQ

Refers to the lowest score on an IQ test that still falls within the range of average intelligence.

Gifted Programs

Educational initiatives designed to address the needs and foster the abilities of students who are identified as having exceptional talent or intelligence.

Mildly Retarded

An outdated and offensive term formerly used to describe individuals with below-average intellectual functioning and limited adaptive behaviors.

Lower Socio-Economic Classes

A demographic grouping based on a combination of income, education, and occupation, typically associated with lower access to resources and opportunities.