Which of the Following Is Not a Characteristic of the Anglo-American

question 5

Multiple Choice

Which of the following is not a characteristic of the Anglo-American model of financial accounting and its regulation?

• A) It has been strongly influenced by professional accounting bodies rather than government
• B) It emphasises the importance of capital markets as the main source of equity and debt
• C) Regulation tends to be rule based rather than requiring professional judgement
• D) It emphasises consideration of substance over legal form

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Definitions:

American Power

The influence and capability of the United States on a global scale, including military, economic, and cultural dimensions.

Eugenics

A controversial and discredited social philosophy advocating for the improvement of human genetic traits through selective breeding and other means, historically leading to unethical practices.

Anti-immigration

Opposition to immigration, often based on fears of economic competition, cultural difference, or security concerns, leading to policies or attitudes that restrict or discourage people from moving to a new country.

Race Betterment Foundation

An early 20th-century American eugenics-based organization aiming to promote racial purity and health through selective breeding and other means.