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1. How are the Anglo and less developed Latin cultural areas expected to differ with respect to the accounting values of conservatism and secrecy? a.

1. How are the Anglo and less developed Latin cultural areas expected to differ with respect to the accounting values of conservatism and secrecy?

a. Anglo cultural area: more conservatism & more disclosure; Latin cultural area: less conservatism & less disclosure

b. Anglo cultural area: less conservativism & less disclosure; Latin cultural area: more conservativism & more disclosure

c.Anglo cultural area: more conservatism & less disclosure; Latin cultural area: less conservatism & more disclosure

d. Anglo cultural area: less conservatism & more disclosure; Latin cultural area: more conservatism & less disclosure

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