When a task is vague, ambiguous, or unstructured a(n) ________ team is more likely to thrive.
A) power respecting
B) individualistic
C) uncertainty avoiding
D) uncertainty accepting
Question 2
The degree of caution companies display in valuing assets and recognizing income is known as ________.
A) conservatism
B) transparency
C) measurement
D) disclosure
Question 3
International accounting firms, such as Deloitte and KPMG, have the most influence on ________.
A) international and domestic tax laws
B) public record disclosure rules
C) global auditing practices
D) domestic legal systems
Question 4
German companies like Deutsche Bank and Daimler Chrysler have been relatively optimistic and transparent in their financial reporting compared with many Germanic companies because ________.
A) German accounting standards have always been optimistic and transparent
B) they adopted U.S. Generally Accepted Accounting Standards
C) they do not have to adopt International Accounting Standards
D) most of their revenues are from the United States and United Kingdom
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