According to Gray's Framework (Which Is an Extension of Hofstede's

question 13

Multiple Choice

According to Gray's framework (which is an extension of Hofstede's model of cultural pattern) , which of the following is true about accounting system development?

• A) Accounting system development is mainly influenced by a country's constitutional framework.
• B) Countries following limited disclosures adhere less strictly to the notion of conservatism in the measurement of assets and liabilities.
• C) Accounting system development is influenced by a less conservative approach resulting in the development of short-term oriented accounting practices.
• D) The external factors have a direct influence on the development of institutional framework leading to the development of accounting systems.

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Definitions:

Marginalized Member

An individual or group that is pushed to the fringe of society and deprived of social and economic participation, often due to factors like race, gender, or economic status.

Equality

Fairness and justice achieved through same treatment.

Tokenism

The practice of making only a perfunctory or symbolic effort to be inclusive to members of minority groups, especially by recruiting a small number of people from underrepresented groups in order to give the appearance of equality within a workforce.

Equity

The concept of fairness and justice within the context of society, often related to issues of wealth, opportunities, and rights.