Which of the Following Is Not One of the Main

question 58

Multiple Choice

Which of the following is not one of the main variables that influence the development of a country's accounting system?

• A)The relationship between individuals and social groups
• B)Political and economic ties with other countries
• C)The level of inflation
• D)The prevailing culture in a country

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Definitions:

Opportunity Cost

The cost of foregone alternatives, representing the benefits an individual, investor, or business misses out on when choosing one alternative over another.

Interest Rate

is the cost of borrowing money or the return on investment, expressed as a percentage of the principal, over a specified period.