Why is public disclosure of financial information less important in Japan than in other industrialized countries?
A. Very few corporations
B. Undeveloped stock exchange
C. Heavy reliance on bank financing.
D. Strong government control of corporations
Answer:C
Why is public disclosure of financial information less important in Japan than in other industrialized countries?
A. Very few corporations B. Undeveloped stock exchange C. Heavy reliance on bank financing. D. Strong government control of corporations