5.Annual reports contain many financial graphics, it has been noted that: Select one:

a. They are frequently distorted to improve perceptions of performance.

b. They are mostly unhelpful in summarising data.

c. They are irrelevant to most users.

d. All of the above.

6.Gray adapted Hofstedes categories for accounting, which of the following is not one of his four accounting values? Select one: a. Uniformity versus Flexibility b. Secrecy versus Transparency c. Conservatism versus Optimism d. Short-term versus Long-term Orientation

7.One significant barrier to the adoption of international accounting standards in Islamic countries has been:

Select one:

a. The prohibition on charging interest

b. Refusal to compartmentalise religious and secular life

c. The requirement to pay zakat (a religious levy)

d. All of the above