One Instance of Regulatory Practices Hindering the Success of a Global

question 2

Multiple Choice

One instance of regulatory practices hindering the success of a global information system occurs when a country _____.

• A)offers fewer training courses for analysts and programmers
• B)insists that all organizations use the metric system
• C)charges more for Internet access
• D)restricts the type of hardware and software that can be imported or used

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Definitions:

One-transaction Approach

A fiscal approach viewing an intercompany transaction as a singular event affecting consolidated financial statements, without recognizing it in individual accounts.

Two-transaction Approach

An accounting method where a transaction is considered to involve two separate events that are recorded independently.

Two-transaction Theory

A concept in accounting that proposes a business transaction affects two or more accounts in the ledger, which is fundamental to the double-entry bookkeeping system.

Exchange Gains

Profits earned from the favorable movement of currency exchange rates that impact the value of foreign currency transactions.