Which of the Following Are the Constraints on How Broadly

question 47

Multiple Choice

Which of the following are the constraints on how broadly accounting rules can be applied?

• A)Industry practices constraint and cost-benefit constraint.
• B)Disclosure principle constraint and cost-benefit constraint.
• C)Industry practices constraint and disclosure principle constraint.
• D)Cost-benefit constraint and disclosure principle constraint.

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Definitions:

Attentional Conflict

A cognitive process where an individual experiences difficulty in focusing on relevant stimuli due to competing irrelevant stimuli.

Collectivist

Describing cultures or individuals who prioritize group goals and interdependence over personal goals and independence.

Individualist

A person who prioritizes personal goals over group goals, emphasizing independence and self-reliance.

Zajonc's Drive Theory

A psychological theory suggesting the presence of others (an audience) increases arousal, which can enhance the performance of well-learned tasks but impede the performance on complex or new tasks.