Mirza and Zimmer (1999)found That Only a Small Number of Companies

question 69

Multiple Choice

Mirza and Zimmer (1999) found that only a small number of companies were undertaking upward asset revaluations.The reasons for their reluctance to undertake this practice included:

• A) a desire to remain 'small' in keeping with the political-cost hypothesis.
• B) Any revaluations made are not permitted to be recognised as income by the relevant accounting standard.
• C) In an attempt not to overstate assets management preferred not to revalue items that are subject to a great deal of uncertainty.
• D) all of the given answers.

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Definitions:

Developing Trust

The process of building confidence and reliability in relationships, whether personal or professional, over time.

Keep Promises

The commitment to fulfilling what one has agreed or vowed to do, an essential element in building trust and integrity in relationships.

Consider Points

To take into account specific facts or arguments when making a decision or forming an opinion.

Leader-centered Decision Making

A leadership approach where decisions are predominantly made by the leader rather than being collaborative or democratic.