Which of the Following Is Not a Perceived Advantage in Developing

question 5

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 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 Framework
• D) It will provide a defence and enhance the legitimacy of the accounting profession

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Definitions:

Performance Aspirations

Goals or benchmarks that individuals or organizations aim to achieve based on their performance.

Path-Goal Theory

A leadership theory that suggests leaders should modify their behavior based on the individuals they lead and the nature of the task, to enhance employee performance and satisfaction.

Bold Objectives

Ambitious goals a company or individual sets to achieve significant success and advancement.

Directive Leadership

A leadership style characterized by providing clear instructions, setting standards, and monitoring compliance with clear expectations and direction.