Which of the Following Is Not a Way for a Country

question 45

Multiple Choice

Which of the following is not a way for a country to use IFRS?

• A) Require foreign companies listed on that country's stock exchange to use IFRS for consolidated financial statements.
• B) Allow foreign companies listed on that country's stock exchange to use IFRS.
• C) Allow that country's companies listed on its stock exchange to use IFRS.
• D) Adopt IFRS as that country's national GAAP.
• E) All of the above are ways a country can use IFRS.

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Definitions:

Frederick Taylor

An American mechanical engineer who sought to improve industrial efficiency and is considered the father of scientific management.

Bureaucratic Organizations

Organizations characterized by strict rules, hierarchical relationships, and a focus on procedure and protocol over flexibility and adaptability.

Weber

Refers to Max Weber, a German sociologist and political economist whose theories significantly contributed to the study of sociology and the analysis of bureaucracy.

Historical Management

The study of the evolution of management theories, practices, and principles through time.