All of the Following Are Advantages Available to Companies If

question 36

Multiple Choice

All of the following are advantages available to companies if a single set of accounting standards were used except:

• A) A single set of worldwide accounting standards would have no effect on accounting fee costs.
• B) A single set of standards would make it much easier to decide whether to acquire a foreign company.
• C) A single set of worldwide accounting standards would facilitate comparisons for investment purposes.
• D) A single set of worldwide accounting standards would make it easier to access foreign capital markets

---

Definitions:

Hypertension

A chronic medical condition where the blood pressure in the arteries is persistently elevated, posing health risks.

False Consensus Effect

The cognitive bias to overestimate how much other people share our beliefs, attitudes, and behaviors.

Conspicuous

Easily seen or noticed; attracting attention.

Drunkenness

A state of intoxication or impairment resulting from the consumption of alcohol.