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Question
Name five examples of finance/accounting decisions that may require policies.
Answer
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IFRS standards comprise 25,000 pages, whereas GAAP standards comprise 5,000 pages.
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In the United States, the population has been moving from the South and West to the Northeast and Midwest.
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It is predicted that, by 2025, over 18% of the population in the United States will be 65 years or older.
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Contingency plans should be as simple as possible.
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Since a combination strategy bears no risk, many organizations pursue a combination of two or more strategies simultaneously.
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In socialist countries such as France, Belgium, and the United Kingdom, the only grounds for immediate dismissal from work is a criminal offense.
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