Which of the Following Statements Is True About Convenience Translations

question 27

Multiple Choice

Which of the following statements is true about convenience translations of financial statements?

• A)International Business Machines (IBM)is the only corporation in the U.S.that currently provides convenience translation of its financial statements into a foreign language.
• B)Few U.S.companies translate their financial statements into another language.
• C)Convenience translation means that a company will translate its financial statements into English.
• D)All of the above statements are true.

---

Definitions:

Individual Preferences

The specific likes, dislikes, desires, and needs that dictate the choices made by an individual, often influencing economic decisions and behaviors.

Majority Rule

A decision rule that selects alternatives which have a majority, that is, more than half the votes.

Logrolling

The practice of exchanging favors, especially in politics by reciprocal voting for each other's proposed legislation.

Public Choice

A field of economics that applies economic methods to the study of political and administrative decision-making.