Concerning the Reporting Environment,which of the Following Statements Is Not

question 54

Multiple Choice

Concerning the reporting environment,which of the following statements is not true?

• A)Many companies can submit required financial and tax fillings electronically to the SEC and IRS.
• B)Management reports are usually developed in spreadsheets and disseminated either through e-mail or by posting on the company intranet.
• C)For many companies,the electronic dissemination of reports containing financial information has been an efficient process for some time.
• D)Many companies post their financial statements on their corporate web sites.

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Definitions:

Late Majority

A group of adopters who are slower than the average participant to embrace new ideas, technologies, or products.

Innovators

Individuals or organizations that introduce new ideas, products, or methods into the market.

Early Majority

A group of consumers who adopt new products or innovations shortly after the early adopters have done so, contributing to wider acceptance and popularity.

Laggards

A term used in diffusion of innovation theory to describe individuals or groups that are last to adopt new technologies, products, or innovations, often due to skepticism or traditional values.