Which of the Following Is an Obstacle That Is Not

question 12

Multiple Choice

Which of the following is an obstacle that is not unique to international harmonisation of accounting standards?

• A) Standards may be opposed due to their negative economic consequences on individuals or groups
• B) Standards may lack relevance to the recipients that they are imposed upon
• C) Differences of opinion as to who should have the authority and responsibility of setting accounting standards
• D) All of the given options are correct.

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Definitions:

Expected

An outcome or event regarded as likely to happen based on prior knowledge, trends, or logical prediction.

Coping Technique

Methods or practices that individuals employ to deal with difficult situations, stress, or emotional problems, often facilitating adaptation and resilience.

Consuming Alcohol

The act of drinking beverages containing ethanol, commonly known as alcohol.

Optimistic

Having a positive outlook on the future, expecting favorable outcomes.