Which of the Following Accurately Reflects Thai Accounting

question 2

Multiple Choice

Which of the following accurately reflects Thai accounting?

• A) Only transportation companies are required to file or publish annual accounts.
• B) The government has final approval on accounting regulations.
• C) Independent accounting measurement approaches do not consider IAS standards.
• D) It was the only Asian country which did not make any reforms after the Asian "flu".

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Definitions:

Technological Determinism

The theory that technology is the principal factor driving societal changes and shaping societal structure and cultural values.

Globalization

The cultural and economic changes resulting from dramatically increased international trade and exchange in the late twentieth and early twenty-first centuries.

Cultural Diffusion

The spread of cultural beliefs and social activities from one group to another, often leading to cultural assimilation or changes.

Homogenization

The process through which diverse elements are blended into a uniform mixture, often used to describe cultural or biological assimilation and standardization.