Which of the Following Is Not a Perceived Advantage in Developing

question 31

Multiple Choice

Which of the following is not a perceived advantage in developing a conceptual framework project?

• A) Standard-setters will be less accountable for their decisions.
• B) Setting accounting standards will be more economical, despite the resources needed to develop the conceptual framework and standards.
• C) It will result in a reduced number of accounting standards where issues are covered by the conceptual framework.
• D) It will provide a defence and enhance the legitimacy of the accounting profession.

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Definitions:

Delusions

False beliefs held with strong conviction despite superior evidence to the contrary, often occurring in psychiatric conditions.

Hallucinations

Perception of something not present, such as hearing or seeing something that isn't there, often associated with psychiatric conditions or neurological disorders.

Obsessions

Persistent, unwanted thoughts, images, or urges that cause distress or anxiety.

Olfactory Inhibition

The decrease in the ability to perceive odors, which can occur temporarily due to factors such as nasal congestion or more permanently from certain neurological conditions.