The Disclosure Principle States That a Company Should Report Enough

question 175

True/False

The disclosure principle states that a company should report enough information for outsiders to make knowledgeable decisions about the company.

---

Definitions:

Quality Standards

Criteria established by regulatory agencies or industry groups to ensure products and services meet specific performance requirements.

De-facto

Describes practices or conditions that exist in reality, even if not legally recognized or officially sanctioned.

Approved List

A curated selection of investments deemed suitable for purchase or inclusion in a portfolio by a financial institution or advisor.

Successful Entrepreneurs

Individuals who have effectively managed to turn their business ideas into profitable and sustainable ventures.