The Benefits of a Single Set of Accounting Standards Used

question 51

Multiple Choice

The benefits of a single set of accounting standards used around the world would include all of the following except:

• A) They would eventually save companies considerable money in accounting fees.
• B) They would prevent competitors from acquiring each other.
• C) They would allow easier comparisons by analysts and investors.
• D) They would facilitate access to foreign capital markets.

---

Definitions:

Physical Health

A state of well-being in which an individual is able to perform daily activities without restrictions, often associated with physical fitness and bodily functioning.

Emotional Health

A state of well-being where an individual recognizes their own abilities, can cope with the normal stresses of life, can work productively, and is able to make a contribution to their community.

Cognitive Health

A state of mental well-being where an individual has an optimal level of cognitive functioning, including memory, thinking, reasoning, and the ability to learn.

Anorexia Nervosa

An eating disorder characterized by an abnormally low body weight, an intense fear of gaining weight, and a distorted perception of body weight or shape.