Which of the Following Is Not a Cost of Financial

question 15

Multiple Choice

Which of the following is not a cost of financial reporting?

• A) Cost of preparing the annual report.
• B) Cost of complying with accounting standards.
• C) Cost of preparing the organisation's annual budgets for all departments.
• D) Loss of competitive position as a result of the disclosure of financial information outside the business.

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Definitions:

Provisional Government

A temporary government set up to manage the affairs of a state pending the establishment of a permanent government.

Liberal Political Reforms

Changes or improvements in the political system advocating for more freedom and democracy, often including expanded rights and freedoms for citizens.

Mensheviks

A faction within the Russian socialist movement that emerged in 1903, advocating for a democratic and gradual approach to socialism, in contrast to the Bolsheviks.

Bourgeois Revolution

A social and political upheaval driven by the bourgeoisie to overthrow feudalism and establish capitalist society structures.