Which of the Following Led to Tighter Standards for Accounting

question 5

Multiple Choice

Which of the following led to tighter standards for accounting practices, particularly in banking, and demanded more transparency and reporting?

• A) the global financial crisis of 2009
• B) the popularity of net-banking
• C) the great depression
• D) increasing rates of e-commerce frauds

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Definitions:

Customer Order

A request made by a client to purchase goods or services from a business, initiating a transactional process.

Fast Fashion

A term used to describe clothing designs that move quickly from the catwalk to stores to meet new trends.

Seasonal Output

Variation in the production or supply of certain products or services that is caused by changes in the season.

Short-Term Demand Forecasts

Predictions about future customer demand over a short period, usually up to one year, critical for successful inventory and production planning.