The Principle of Adequate Disclosure Means That a Company Should

question 58

Multiple Choice

The principle of adequate disclosure means that a company should disclose:

• A) Only the important monetary information.
• B) All confidential information regarding the company.
• C) Any financial facts that a reasonable informed person would consider necessary for the proper interpretation of the financial statements.
• D) Only subsequent events.

---

Definitions:

Radical

Relating to or affecting fundamental nature; often used to describe profound or extreme political or social changes.

Sociology

The scientific study of society, social relationships, and social institutions, examining the ways in which human actions and consciousness shape, and are shaped by, surrounding cultural and social structures.

Macrosociology

A branch of sociology that concerns itself with the analysis of large-scale social systems and the overall social structure of societies.

Feminist Perspectives

Diverse viewpoints within feminism that analyze the structures leading to gender inequality and advocate for the rights and equality of all genders.