Which of the Following Is Not an Argument for Harmonization

question 16

Multiple Choice

Which of the following is not an argument for harmonization of financial reporting practices?

• A)Increased ease of investors to evaluate potential investments in foreign securities.
• B)Simplification of the evaluation by multinational companies of possible foreign takeover targets.
• C)Enable companies to lower their cost of capital.
• D)Reduced cost of preparing worldwide consolidated financial statements.
• E)Difficulty in accomplishing a common set of standards.

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Definitions:

Activity Duration

The total time taken from the start to the completion of an activity or task within a project.

Critical Path Methods

A project management technique that identifies the longest sequence of dependent tasks and allocates resources to minimize total project duration.

Slack Time

Free time for an activity.

Activity Durations

The estimated time periods that tasks or activities within a project are expected to take to complete.