Which of the Following Private Companies Is Required to Use

question 3

Multiple Choice

Which of the following private companies is required to use IFRS?

• A)Investment company
• B)Import/export company
• C)Manufacturing company
• D)Accounting firm

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Definitions:

Norm of Reciprocity

A social standard that expects an individual to respond to others with the same behavior they have received, such as kindness for kindness.

Prosocial Behavior

Actions intended to benefit others, including helping, sharing, donating, co-operating, and volunteering.

Altruism

The selfless concern for the well-being of others without expecting any reward.

Prosocial Behavior

Behaviors aimed at supporting other individuals, encompassing activities such as aiding, contributing, giving, collaborating, and offering voluntary assistance.