Which of These Is Not One of the Major Potential

question 12

Multiple Choice

Which of these is not one of the major potential benefits of a conceptual framework?

• A) More economical development of standards
• B) Increased international compatibility of standards
• C) Savings in auditing costs
• D) None of the above, i.e., all are major potential benefits of a conceptual framework

---

Definitions:

Nominal Interest Rate

The interest rate before adjustments for inflation, representing the stated or face interest rate on a loan or investment.

Inflation Rate

The percentage rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling over a specific period of time.

CPI

This index reflects the mean shift in costs over time for a collection of consumer goods and services as experienced by urban buyers.

Ear of Corn

An ear of corn is the part of the corn plant that contains the kernels, which are the seeds of the plant, encased in a husk.