What Is the Advantage of Morgan Stanley Dean Witter's "Apples

question 24

Multiple Choice

What is the advantage of Morgan Stanley Dean Witter's "Apples to Apples" approach to comparing international financial statement data?

• A)It provides complete conversion of foreign financial statements to U.S.GAAP, which may not be available from the reporting entities themselves.
• B)It focuses only on the industry-specific factors MSDW believes are most important to stock valuation, which eliminates the need for converting complete financial statements.
• C)It is not affected by differences in GAAP across countries.
• D)The same measures are used for all industries in all countries, which eliminate comparability issues.

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Definitions:

Substance Addiction

A chronic disease characterized by the compulsive use of substances despite harmful consequences.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often reflecting a heightened state of apprehension or fear.

Poor Concentration

Difficulty in focusing on tasks or maintaining attention for a reasonable period.