
IA mt1
Quiz
•
English
•
University
•
Practice Problem
•
Easy
Lien Dao
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40 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
1.The practice of having the stock listed and traded on several foreign stock exchanges is known as
1.The practice of having the stock listed and traded on several foreign stock exchanges is known as
A. SEC registration.
B. initial public offering.
C. consolidation.
D. cross-listing.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2.What group is primarily responsible for the creation of International Financial Reporting Standards (IFRS)?
A. Financial Accounting Standards Board (FASB)
B. International Forum on Accountancy Development (IFAD)
C. International Federation of Accountants (IFA)
D. International Accounting Standards Board (IASB)
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3.What does external assurance mean in the context of sustainability reporting?
3.What does external assurance mean in the context of sustainability reporting?
A. Insurance purchased to cover fines for environmental damage
B. Hiring a third party to attest to the claims made in a sustainability report
C. Hiring a third party to publicize the company's sustainability initiatives
D. Hiring a third party to provide environmental consulting
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4.What is likely to be the source of accounting standards in common law countries?
A. Tax law
B. Non-government entities such as the FASB
C. Federal and local legislatures
D. The International Accounting Standards Board
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5.If most of a country's business financing comes from families, banks, and the government, what should we expect in terms of information disclosure to the public?
5.If most of a country's business financing comes from families, banks, and the government, what should we expect in terms of information disclosure to the public?
A. Relatively little disclosure because the public isn't a major factor
B. A great deal of disclosure because it will be the only way for interested parties to learn about the company
C. Complete openness of accounting records
D. No disclosure at all
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6.In countries such as the U.S., there is great demand for public disclosure of accounting information. What is the reason for this?
A. Corporate management isn't trustworthy.
B. Businesses rely heavily on financing through issuance of stock to the public.
C. The American populace is better able to read financial statements than people in other countries.
D. U.S. government officials are generally members of corporate boards of directors and can get all the information they require.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7.The extent to which hierarchy and unequal authority distribution in institutions and organizations are accepted within a culture is referred to as
7.The extent to which hierarchy and unequal authority distribution in institutions and organizations are accepted within a culture is referred to as
A. uncertainty avoidance
B. masculinity.
C. individualism
D. power distance
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