All of the Following Forces Are Leading to Convergence of Accounting

question 48

Multiple Choice

All of the following forces are leading to convergence of accounting standards around the world EXCEPT ________.

• A)global integration of capital markets
• B)need of MNE's to raise capital outside of their home markets
• C)pressure from investors for more uniform standards
• D)regional and political harmonization

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Definitions:

Batch Setup

Batch setup refers to the process and the activities involved in preparing equipment or a production area for manufacturing a specific batch of products.

Activity Rate

The cost driver rate used in activity-based costing to allocate costs to products or services based on their consumption of activities.

Activity-Based Costing

A costing method that assigns overhead and indirect costs to specific activities related to the production of goods or services.

Materials Handling

Activities involved in moving, storing, controlling, and protecting materials and products throughout the manufacturing, warehousing, distribution, consumption, and disposal processes.