What Reason Is Given for the Stagnation of Accounting Development

question 80

Multiple Choice

What reason is given for the stagnation of accounting development during the "Cultural Revolution" in China (1966-1976) ?

• A)Over-simplification of accounting was pursued to make it accessible to a broad populace.
• B)There was very little business being transacted in China during the Cultural Revolution.
• C)Businesses in China were converting to international accounting standards during this period of time so they stopped developing new standards.
• D)Auditors took over the development of accounting practice.

---

Definitions:

Radio

A technology that uses radio waves to transmit information, such as sound, by modulating properties of electromagnetic energy waves transmitted through space.

Communication

A two-way process involving the sending and receiving of messages.

Anxiety

A psychological condition marked by intense feelings of anxiety, worry, or fear that significantly disrupt daily functioning.

Hypothalamus

A region of the brain responsible for the regulation of certain metabolic processes and other autonomic system activities.