Why is it necessary to have accounting standards a. to make it impossible to compare ones companys finances with another

b. so all companies use the same methods for recording financial transactions

c. to prevent people outside the company from examine the company’s finances

d. so managers in the company can control the companys finances

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

commercial banking

provide online payment services

provide online banking

asset management firms

invest in people's funds in securities

accept tax return refunds

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