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:

Biological Rhythms

Natural cycles of change in our body's chemicals or functions, like the sleep-wake cycle or hormonal cycles.

Endogenous

Generated from within rather than by external cues.

Internal Biological Clock

An innate mechanism that controls the physiological activities of an organism, ensuring they occur at optimal times.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, and experiences.