Which of the Following Is Not a Problem Caused by Diverse

question 54

Multiple Choice

Which of the following is not a problem caused by diverse accounting practices across countries?

• A) Preparation of consolidated financial statements.
• B) Gaining access to foreign capital markets.
• C) Lack of comparability of financial statements between companies in the same country.
• D) Cost and expertise required of accounting staff who prepare consolidated financial statements.
• E) Need for a company to maintain multiple sets of accounting records.

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Definitions:

Leadership Strength

The consolidation of various attributes and skills that empower an individual to effectively lead, guide, and influence others toward achieving shared goals.

Intimidation

The act of making someone feel frightened or overawed, especially in order to influence their behavior.

Delegation

The act of assigning to another; authorization and entrustment of tasks; enlistment of the energy and talents of others to accomplish more than would be possible working alone; a leadership skill required for multiplying effectiveness, including the following rules: Don’t delegate the bad jobs, saving the good ones for yourself; use delegation as a development tool; delegate work fairly among all employees; insist on clear communications; and learn to live with work styles that are not like your own.

Effective Delegation

The process by which a leader assigns responsibility and authority to others, empowering them to complete tasks.