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1 accounting theory helps us understand accounting

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1.Accounting theory helps us understand accounting better as:a.A random process.b.A fundamental part of the natural universe.c.A human endeavour.d.A representation of truth.
2.A normative theory:
3.A positive theory:
ACC235 Contemporary Issues in Financial Accounting4.Theories in accounting can help us to understand the decisions of:
5.Key problems for owner-manager agency relationships are:a.dividend retention.b.horizon problem.c.risk aversion.d.all of the above.
6.According to institutional theory which of the following statements is NOT true aboutcorporate social and environmental disclosure:
7.Which of the following is NOT one of the four ways an organisation can obtain ormaintain organisational legitimacy according to Lindblom?
8.Legitimacy theory argues that.
9.Which of the following is NOT considered a stakeholder according to the managerialbranch of stakeholder theory?a.Customers.b.Communities.
ACC235 Contemporary Issues in Financial Accountingc.Competitors.d.None of the above, i.e. they are all considered stakeholders10.A key underlying assumption of Institutional Theory is that people are:
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