As a Result of Increased Globalisation

question 74

Multiple Choice

As a result of increased globalisation:

• A)there has been less harmonisation of accounting rules across countries.
• B)accounting rules have a more international reach.
• C)users of accounting information are more likely to be based in the same county as the business has its base.
• D)accountants need less familiarity with accounting rules of other countries.

---

Definitions:

Keynesian Analysis

An economic theory that emphasizes the role government policies and spending should play in stabilizing the economy, maintaining low unemployment, and controlling inflation.

Aggregate Demand

The total demand for goods and services within a particular market.

Tax Cut

A reduction in the amount of taxes imposed by a government on its citizens.

Government Expenditures

Spending by the government sector including spending on goods and services, public works, and social programs.