Which One of the Following Is Not True

question 23

Multiple Choice

Which one of the following is not true?

• A)Accounting standards evolve to improve the representation of financial statements.
• B)Accounting scandals introduced lower accounting standards.
• C)There is more and more collaboration between different countries to harmonize accounting standards.
• D)IASB is working with different accounting boards to harmonize worldwide standards.

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Definitions:

Validity Effect

The phenomenon where a belief or a statement is more likely to be accepted as true the more it is repeated or encountered, regardless of its actual validity.

Exposure Effect

The psychological phenomenon where repeated exposure to a stimulus increases an individual's preference for that stimulus.

Contrast Effect

A psychological phenomenon wherein the perception or judgment of something is influenced by the comparison with something else, often leading to exaggeration of differences.

Appeal to Fear

A persuasive technique that attempts to influence people’s behavior by making them feel afraid of the consequences of not taking a particular action.