Which of the following is not a criticism of Positive Accounting Theory?

Question

Quizplus · Accepted Answer

Choice A is a common criticism of Positive Accounting Theory (PAT), as it assumes that all action is driven by self-interest and wealth maximisation. Choice B is also a criticism of PAT, as it is not value-free and assumes that accounting practices are influenced by social and political factors. Choice D is a criticism of PAT, as it is difficult to objectively verify claims made by the theory. However, choice C is not a valid criticism, as PAT has actually developed significantly over the past thirty years and has been applied to various areas of accounting research.

Which of the Following Is Not a Criticism of Positive