All of the Following Are Usually Seen as Valid Reasons

question 3

Multiple Choice

All of the following are usually seen as valid reasons for having different reporting standards for different business entities,except:

• A) information needs of users may be different for different entities
• B) costs of designing and installing an accounting information system may be different for different entities
• C) investors in smaller entities generally do not read financial reports
• D) users of the reports of some entities can obtain special purpose reports for their own use as required

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Definitions:

Diversity Training

A program designed to promote awareness and increase knowledge and skills to handle the diversity within the workforce effectively.

Ethnocentric Practices

Practices in business or management that prioritize the values and standards of the home country over those of foreign branches or cultures.

Xenocentrism

The belief that other cultures are superior to one's own, often leading to a preference for foreign customs, products, or practices.

Cultural Composition

The mix of various cultural identities, beliefs, and practices within an organization or community.