Why Is Public Disclosure of Financial Information Less Important in Japan

question 57

Multiple Choice

Why is public disclosure of financial information less important in Japan than in other industrialized countries?

• A)Very few corporations
• B)Undeveloped stock exchange
• C)Heavy reliance on bank financing
• D)Strong government control of corporations

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Definitions:

Primary Alcohol

An organic compound with a hydroxyl group (-OH) attached to a primary carbon atom.

Secondary Alcohol

An alcohol in which the hydroxyl (-OH) group is attached to a carbon atom that is connected to exactly two other carbon atoms.

Tertiary Alcohol

An alcohol in which the hydroxyl group (-OH) is attached to a carbon atom that is connected to three other carbon atoms.

Common Name

A non-systematic name for a chemical substance, typically based on its historical use or properties, rather than a standardized nomenclature.