The Fact That the U

question 35

Multiple Choice

The fact that the U.S. has a free enterprise system has all of the following consequences for accounting, except:

• A) Companies try to keep certain information secret, for competitive reasons.
• B) Reporting tends to be from the perspective of the workers, not the owners.
• C) Companies are allowed to choose among different accounting methods, instead of having to all use the same methods.
• D) Companies generally do not try to measure the social value of their operations.

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Definitions:

Family and Medical Leave Act

U.S. federal law that provides employees with unpaid, job-protected leave for specified family and medical reasons.

Industrialized Nations

Countries that have undergone significant industrialization and now have a predominantly tertiary (service) and quaternary (knowledge-based) economy.

Tuition Reimbursement Program

An employer-provided benefit that pays for or reimburses employees for tuition expenses related to furthering their education.

Knowledge

Facts, information, and skills acquired through experience or education.