Which of the Following Accurately Reflects Environmental Influences on Accounting

question 11

Multiple Choice

Which of the following accurately reflects environmental influences on accounting?

• A) the social (employee) climate has had a strong impact on accounting in the United States, in contrast to Europe where the social climate is almost irrelevant.
• B) economic factors have proven to be very influential on accounting, but political factors are not.
• C)taxation is an important factor in situations where accounting systems are strongly influenced by state objectives.
• D) where there is a more developed accounting profession, there is likely to be centralized and uniform accounting systems, as opposed to judgementally-based systems.

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Definitions:

Management Techniques

Methods and strategies used by leaders and managers to increase efficiency, effectiveness, and to achieve organizational goals.

Takeoff Stage

A phase in economic development or in the growth of a business when rapid growth is initiated, often following a period of investment or innovation.

Single Department

Refers to a unit or division within an organization that focuses on a specific area of operation or function.

Professionally Managed

Refers to a business or organization run by people with expert knowledge or qualifications in the field.