In 2007,the Securities and Exchange Commission (SEC)began to Allow Foreign

question 4

Multiple Choice

In 2007,the Securities and Exchange Commission (SEC) began to allow foreign companies to use which of the following for its reporting standards?

• A)SOX
• B)GAAP
• C)GAAS
• D)IFRS

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Definitions:

External Forces

Outside influences for change.

Competitors' Actions

involves analyzing and responding to the strategies, movements, and decisions made by rival businesses in the marketplace.

Customers' Preferences

The tastes, likes, or desires of consumers that influence their purchasing decisions.

External Force

Factors or influences originating outside an organization that necessitate change or adaptation by the organization.