How Would a Company Decide Which Foreign Languages Will Be

question 29

Multiple Choice

How would a company decide which foreign languages will be used to present its financial statements?

• A)Determine which language is closest to the local language so that translation is less costly.
• B)Choose the language based on which countries provide the greatest potential source of funds.
• C)Follow the language requirements of its local accounting regulatory agency.
• D)Select the language of the most populous country in its region of the world.

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Definitions:

Specific Issue

A particular problem, topic, or matter that is distinct and defined.

General Organizational

Relating to the structure, systems, and processes within an organization that ensure its effective functioning and alignment with strategic goals.

Huge Amount

A very large quantity, volume, or number of something.

Prioritize Individual

Emphasizes the importance of putting individual needs and goals at the forefront of decision-making processes.