When Comparing U

question 7

Short Answer

When comparing U.S.GAAP and IFRS, regarding the level of details in the standards and the level of disclosure required, which of the following is correct? ​ $\begin{array}{ll}\text { U.S. GAAP } & \text { IFRS } \\\text { a. } & \\\text { Detail: More } & \text { Detail: Less } \\\text { Disclosure: More } & \text { Disclosure: Less }\\\\\text { b. }\\\text { Detail: More } & \text { Detail: Less } \\\text { Disclosure: Less } & \text { Disclosure: More } \\\\\text { c. } & \\\text { Detail: Less } & \text { Detail: More } \\\text { Disclosure: Less } & \text { Disclosure: More }\\\text { d. } & \\\text { Detail: Less } & \text { Detail: More } \\\text { Disclosure: More } & \text { Disclosure: Less }\end{array}$

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Definitions:

True Self-Managing Work Team

A team that operates without direct supervision, managing its own processes and tasks to achieve set objectives.

Selecting New Team Members

The process of evaluating and choosing individuals to form or join a team based on skills, compatibility, and potential contributions.

Evaluating Performance

The process of assessing the effectiveness and efficiency of an individual's or organization's work outcomes and methods.

Forming Stage

Focuses around the initial entry of members to a team.