Question: 1. Accounting practitioners have criticized some proposed accounting standards on' the grounds that they would he difficult to implement because of measurement problems. - They therefore conclude that the' " underlying theory is inappropriate. Assuming that the. critics are correct about the implernentational difficulties, would you agree with their ,thinking? Discloses.
2. What type of measurement is the measurement of objectivity in Equation (1.1): nominal, ordinal, interval, or ratio scale?