Which of These Is a Disadvantage of a Country Adopting

question 27

Multiple Choice

Which of these is a disadvantage of a country adopting international accounting standards compared to the country developing its own standards?

• A)Standards by their nature must be general and involve compromises.
• B)It will increase accounting and reporting costs for multinational companies.
• C)It will reduce the comparability of different countries' financial reports.
• D)All are disadvantages.

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Definitions:

Gestalt Psychologists

Psychologists who study how people integrate and perceive sensory information into meaningful wholes, emphasizing the importance of context and the whole pattern over the sum of its parts.

Humanistic Psychology

The school of psychology that focuses on the uniqueness of human beings and their capacity for choice, growth, and psychological health.

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud that aims to treat mental disorders by investigating the interaction of conscious and unconscious elements in the mind.

Cognitive Psychology

A branch of psychology that studies mental processes such as perception, memory, thought, and problem-solving.