Which of the following statements holds true for international financial reporting standards (IFRS)? Question 41 Not yet answered Marked out of 1.00 Flag question Select one: a. It refers to the standards that are developed by the International Accounting Standards Board (IASB) for reporting company financial results and that are followed by over one hundred nations throughout the world. b. It refers to a set of accounting standards issued by the International Public Sector Accounting Standards (IPSAS) Board for use by public sector entities throughout the world to prepare their financial statements. c. It refers to the standards that are developed by the International Monetary Fund to assess the financial strength and credit worthiness of countries throughout the world. O d. It refers to the set of standards developed by the European Union for reporting any discrepancies in financial reporting by non-EU firms. e. It refers to the standards that are developed by the US Financial Accounting Standards Board (FASB) for reporting company financial results and that all US companies or companies operating in the US must follow What is CEFTA? Question 42 Not yet answered Marked out of 1.00 Flag question Select one: a. It is a trading group that focuses on the development of the coal and steel industries in Europe for peaceful purposes. b. It is the only regional trading group that uses the term "member economies rather than countries. c. It is a trading group that focuses on economic, social, cultural, and technical cooperation as well as promoting regional peace and stability in Northern Europe. d. It is a trade agreement between non-EU countries in Central and Southeastern Europe. o e. It is a trade agreement between the European countries in Northern and Western Europe. Which of the following is not a method that governments use to intervene and manage trade? Question 43 Not yet answered Marked out of 1.00 Flag question Select one: a. Sponsoring trade trips for small businesses to international conferences b. Increasing funding for community parks. O C. Increasing the port fees on shipping containers which arrive at a port in country d. None of the above. o e. Requiring that all supplies bought by federal offices must be manufactured in country