Which of the Following Statements Is NOT True Concerning Reasons

question 54

Multiple Choice

Which of the following statements is NOT true concerning reasons for analyzing foreign financial statements?

• A)It is important to determine the financial stability of foreign suppliers.
• B)The stock returns of foreign corporations are nearly perfectly correlated with returns on U.S.stocks.
• C)In a global economy, managers may use foreign competitors as benchmarks for evaluating performance.
• D)Managers should determine the financial health of foreign customers before extending credit.

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Definitions:

Reversibility

The cognitive understanding that certain actions can be undone, restoring the original state of something.

Conservation

The practice of protecting Earth's natural resources and biodiversity to sustain ecological balance and ensure their availability for future generations.

Egocentrism

A cognitive bias where an individual is unable to understand or assume any perspective other than their own, commonly seen in early child development stages.

Concrete Operations

A stage in Piaget's theory of cognitive development where children aged 7 to 11 years can logically think about concrete events and objects.