Which of the Following Is Not a Reason One Set

question 157

Multiple Choice

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

• A) Multinational corporation.
• B) Financial markets.
• C) Information technology.
• D) All of these answer choices are reasons one set of international accounting standards are needed.

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Definitions:

Marginal Cost

Marginal cost is the cost of producing one additional unit of a product or service.

Average Variable Cost

The total variable costs divided by the quantity of output, measuring the per-unit variable cost of production.

Marginal Cost

The additional financial outlay required to produce one more unit of a good or service.

Marginal Cost

The expense incurred by the production of one extra unit of a product or service.