Which of the Following Statements Is True About Accounting Convergence

question 23

Multiple Choice

Which of the following statements is true about accounting convergence?

• A) Convergence is a synonym for harmonization.
• B) Convergence is the opposite of standardization.
• C) Convergence, unlike harmonization, takes place over a period of time.
• D) Convergence means developing high-quality standards in partnership with national standard-setters.

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Definitions:

Anger

An emotional state that varies in intensity from mild irritation to intense fury and rage, often resulting from a perceived wrong or injustice.

Personality and Culture

The study of how an individual's unique character traits are influenced by and interact with their cultural background.

Conscientious

The trait of being thorough, careful, or vigilant; implies a desire to do a task well.

Characteristic Personality Profiles

Refers to a distinctive set of traits, behaviors, and patterns of thinking that characterize an individual across different situations.