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:

Social Protests

Organized activities aiming to express opposition or demand changes from authorities or public policies, typically involving large groups of people.

Klandermans

A scholar recognized for contributing to the understanding of social movement participation, particularly through the emphasis on psychological processes.

Multiorganisational Fields

Complex networks comprised of interrelated organizations that operate within the same domain or industry.

Group Membership

Refers to the state or status of being part of a collective or a group, often used to denote belonging to a particular social, professional, or other organized groups.