A Major Development in the Global Accounting Firms in Recent

question 16

Multiple Choice

A major development in the global accounting firms in recent years has been the

• A) decision on the part of the largest firms to concentrate in specific geographic areas rather than attempt to service all markets.
• B) merger of some of the largest accounting firms.
• C) slowdown in merger activity.
• D) all of the above.

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Definitions:

Merton

Refers to Robert K. Merton, an influential American sociologist known for his theories on social structure, anomie, and the sociology of science.

Anomie

A condition in society characterized by a breakdown or absence of social norms and values, often leading to a state of normlessness.

Normlessness

A state or condition where social norms are unclear, weak, or not widely followed, often leading to social disorientation.

Social Breakdown

Refers to the deterioration of the social fabric and structures, leading to a decline in societal norms and values, often resulting in chaos or disorder.