The Benefits of a Single Set of Accounting Standards Used

question 51

Multiple Choice

The benefits of a single set of accounting standards used around the world would include all of the following except:

• A) They would eventually save companies considerable money in accounting fees.
• B) They would prevent competitors from acquiring each other.
• C) They would allow easier comparisons by analysts and investors.
• D) They would facilitate access to foreign capital markets.

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Definitions:

Pluralism

A condition or system in which multiple distinct groups, cultures, or viewpoints coexist within a society and maintain their individual traditions.

Diversity And Difference

The presence of a wide range of distinct characteristics, identities, and experiences within a group or society.

Cultural Traditions

Established patterns of behavior, practices, and beliefs that are passed down through generations within a particular society or group.

Stereotype

A widely held but oversimplified and generalized belief about a particular type of person or thing.