Government action can influence how Porter's five forces operate in industries

Recent changes in the financial reporting environment include which of the following?

a. The adoption or planned adoption of IFRS, or standards based on IFRS, for financial reporting in over 100 countries. b. The willingness of the Securities and Exchange Commission in the United States to permit non-U.S. firms that list and trade their securities in the United States to report using IFRS without a reconciliation to U.S. GAAP. c. The requirement to measure certain assets and liabilities at fair value instead of acquisition cost, and in some cases, to include the changes in fair value in net income instead of other comprehensive income. d. The codification of U.S. GAAP into a single body of literature. e. all of the above

Which of the following statements is false?

a. A weakness of the High-Low method is that it considers only two data points. b. An abnormal observation is called an outlier. c. Dividing the change in the total cost by the change in the activity will compute the fixed costs. d. The High-Low method is not as accurate as the least square regression analysis in separating fixed and variable costs.