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:

Scale

A system of ordered marks at fixed intervals used as a reference standard in measurement.

Resistance To Change

The tendency of individuals or organizations to resist alterations in their current state or environment due to uncertainty or comfort with the status quo.

Overt And Covert

Overt refers to actions or behaviors that are open and observable, while covert implies actions or behaviors that are concealed or hidden.

Individual And Organizational

Pertains to the characteristics and behaviors of a single person and how they interact within a group or corporate structure.