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:

Unionized Labor

Workforce that is organized into a union, negotiating collectively for wages, benefits, and working conditions.

Wage Increase

An upward adjustment in employees' earnings per hour worked or salary.

Price-Taker Markets

Markets in which individual sellers or buyers cannot influence the price of a good or service and must accept the market price as given.