What Is the Probable Reason That Many Foreign Countries Provide

question 1

Multiple Choice

What is the probable reason that many foreign countries provide convenience translations of their financial statements into English?

• A)U.S.GAAP is the most widely used set of financial accounting standards.
• B)Globalization of capital markets has increased the demand for English language financial statements.
• C)England is the home of more multinational corporations than any other country.
• D)The Securities and Exchange Commission requires all foreign companies doing business in the U.S.to provide English translations.

Develop an awareness of cultural differences in communication practices and their managerial implications.

Appreciate the importance of communication strategy selection in achieving effective communication within organizations.

Understand the principle of fossil correlation and its significance in geology.

Grasp the concept of the geologic timescale and the age of Earth's oldest rocks.

---

Definitions:

Secondary Succession

A new community becomes established in a site where a community previously existed.

Abandoned Field

Land that was previously cultivated but has been left unused for agricultural production.

Glacial Retreat

The process in which glaciers lose ice mass and shrink in size, often due to rising temperatures.

Volcanic Island

An island that forms from the accumulation of material ejected from an underwater volcano, rising above the sea surface.