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.

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Definitions:

Tacit Intelligence

The unspoken, practical skill set and knowledge that individuals acquire through personal experience rather than formal education.

Crystallized Intelligence

The ability to use skills, knowledge, and experience, which does not correlate with a person's fluid intelligence but tends to increase with age.

Undergraduate GPA

The cumulative grade point average of a student in an undergraduate program, reflecting their academic performance across all courses.

Accumulated Knowledge

refers to the body of information and understanding one has gathered over time through experience or education.