Countries Such as the U

question 17

Multiple Choice

Countries such as the U.S. tend to value self-regulation of accounting. What term is used to define this subculture?

• A) Uniformity
• B) Flexibility
• C) Conservatism
• D) Professionalism

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Definitions:

Programmed Decisions

Decisions that are routine and repetitive, made according to established guidelines or procedures.

Nonprogrammed Decisions

Decisions made in response to situations that are unique, are poorly defined and largely unstructured, requiring creative solutions.

Certainty

The state of being sure or confident about something, often with clear, predictable outcomes.

Risk

The possibility of loss, damage, or any other undesirable event.