Which of the Following Terms Is Used to Refer to the Harmonization

question 59

Multiple Choice

Which of the following terms is used to refer to the harmonization present among the accounting rules of different countries?

• A)Formal harmonization
• B)De jure harmonization
• C)Convergence
• D)All of the above

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Definitions:

Bargaining Agent

A body certified to act on behalf of a group of employees or employers.

Bargaining Unit

A group of employees with a clear and identifiable community of interest who are represented by a single labor union in collective bargaining.

Public Sector

The part of the economy that is controlled by the government including services such as education, healthcare, and law enforcement.

Private Sector

The part of the economy owned and operated by individuals and companies for profit, as opposed to the public sector operated by the government.