Which of the Following Is Not a Reason Why Traditional

question 27

Multiple Choice

Which of the following is not a reason why traditional financial accounting may be unable to reflect the social and environmental impact of organisations?

• A) Externalities are difficult to measure.
• B) Traditional financial accounting typically discounts future liabilities to present value.
• C) Accountants are unable to understand the social and environmental impacts of an organisation.
• D) Traditional financial accounting adopts the 'entity assumption'.

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Definitions:

Glucose

A simple sugar that serves as a primary source of energy for the cells of the body, especially important for brain function.

Forage

Forage refers to the act of searching for and consuming food, typically used in the context of animals grazing or hunting for food in their natural environments.

Australopithecus

An extinct genus of hominins that lived in Africa between about 4 to 2 million years ago, known for walking upright and considered an early ancestor of humans.

Blood Vessels

Tubular structures that carry blood throughout the body, including arteries, veins, and capillaries.