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

question 55

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 which are subject to a great deal of uncertainty.
• D) All of the given answers.
• E) Any revaluations made are not permitted to be recognised as income by the relevant accounting standard; and, in an attempt not to overstate assets, management preferred not to revalue items which are subject to a great deal of uncertainty.

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Definitions:

FAB Sequences

Stands for Features, Advantages, and Benefits; a sales technique that links product features to their advantages and the benefits for the customer.

Preparation

The process of getting ready for a specific event, activity, or undertaking by planning and arranging the necessary components.

Customer Understanding

The process and result of comprehending customers' needs, preferences, and behaviors.

Trial Close

A technique used in sales to gauge a potential buyer's interest or objections by asking for their opinion or commitment before the final close.