Which of the Following Is NOT an Objective of the International

question 3

Multiple Choice

Which of the following is NOT an objective of the International Accounting Standards Board?

• A) To establish worldwide uniformity of accounting practice
• B) To develop a single set of enforceable global accounting standards
• C) To promote the use and application of global accounting standards
• D) To encourage convergence of national accounting standards and international accounting standards

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Definitions:

Socioeconomic Class

A division of society based on social and economic status, influencing access to resources and opportunities.

Schizophrenia

A mental disorder characterized by distortions in thinking, perception, emotions, language, sense of self, and behavior.

Socioeconomic Classes

Categories of people based on their economic status, including income, education, occupation, and social status.

Mood Disorders

Psychological disorders characterized by emotional extremes, including conditions like major depressive disorder and bipolar disorder.