Full Disclosure
Submitted by riodigie on May 10, 2011
- Category: Business
- Words: 725
- Pages: 3
- Views: 136
- Popularity Rank: 3605
Full Disclosure
Would someone buy a bike or other item sight unseen? The answer is, most likely not. Why is that? The answer is that most people want to buy value with their purchase, not just the item in question, hence the need for a buyer to feel assured that what they think they are buying is in reality what it should be. In other words, the buyer needs to be assured before making the buying decision that the buyer knows all the relevant facts surrounding a purchase. This is the concept of full disclosure in Generally Accepted Accounting Principles or GAAP.
If one looks at the long history of the markets with the repeating boom and bust patterns the world has witnessed, one has to ask...
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