What Was the Main Reason for Adopting International Standards

question 7

Multiple Choice

What was the main reason for adopting international standards?

• A)Internationalization of securities markets
• B)Internationalization of financial markets
• C)Globalization of business
• D)Increasing complexity of GAAP

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Definitions:

Active Listening

A communication technique used in sales and other contexts, involving fully concentrating, understanding, responding to, and remembering what is said.

Probing

The act of asking questions to gather more detailed information or clarify understanding.

Communication Process

The exchange of information, ideas, or feelings between two or more people through verbal, non-verbal, written, or electronic means, involving a sender, message, and receiver.

KISS Rule

A design principle that stands for "Keep It Simple, Stupid," suggesting that systems and models function best if they are kept simple rather than made complicated.