Which of the following characteristics of a country most likely affects the extent of companies' financial disclosure practices?
A)Inflation.
B)Tax laws.
C)Population.
D)Culture.

Question

Quizplus · Accepted Answer

Culture can play a significant role in determining the extent of financial disclosure practices in a country. Some cultures prioritize transparency and open communication while others value privacy and discretion. Companies operating in a culture that values transparency are more likely to have robust financial disclosure practices, whereas those in cultures that prioritize privacy may have more limited disclosure.

Which of the Following Characteristics of a Country Most Likely