Relative to Accounting Standards in Countries Such as Germany, Whose

question 45

Multiple Choice

Relative to accounting standards in countries such as Germany, whose accounting laws are only 47 pages long, accounting practice in the U.S. is often described as being subject to:

• A) standards overload.
• B) standards minimization.
• C) the optimal amount of accounting regulation.
• D) ideal accounting standards.

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Definitions:

Social Competence

The ability to interact effectively with others in social contexts, understanding and managing social interactions.

Parental Responsiveness

The extent to which parents respond to their child's needs in a sensitive and supportive manner.

Acceptance

An aspect of parental responsiveness that includes being affectionate, praising the child, being involved in the child’s life, and showing concern for the child’s needs; correlated with children’s self-esteem and social adjustment.

Demandingness

The degree to which parents or guardians expect and require responsible, mature behavior from their children.