How would you classify the accounting values of companies from the United States and the United Kingdom in terms of their measurement and disclosure of financial information?
A) secret and transparent
B) transparent and optimistic
C) secret and conservative
D) conservative and optimistic
Question 2
What is the LEAST likely reason that international companies are concerned about the gray market?
A) undermining the long-term viability of the distributorship system
B) causing a firm's operations in different countries to compete against each other
C) requiring companies to make frequent price adjustments to capture the market
D) preventing companies from charging what the market will bear in each country
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