Which of the Following Events Led to Tighter Standards for Accounting

question 8

Multiple Choice

Which of the following events led to tighter standards for accounting practices and a demand for more transparency in reporting?

• A)the global financial crisis of 2009
• B)the decreasing popularity of net-banking
• C)the Great Depression
• D)the increasing nationalization of private assets

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Definitions:

Railroad Ties

Heavy beams used as a base for railroad tracks to hold them in place and ensure the tracks remain aligned.

North's Economy

The economic system of the northern United States, historically characterized by industrial manufacturing, as opposed to the agrarian economy of the South.

Standardization of Production

The process of implementing and developing technical standards to maximize productivity, efficiency, and quality.

European Lesson

Insights or knowledge gained from European history, culture, or policy-making processes.