Once convergence is reached:

Question

Quizplus · Accepted Answer

Convergence refers to the process of global integration and standardization of practices and systems in businesses and financial markets around the world. As convergence progresses, financial markets will become more integrated, making it easier to compare the financial statements of companies from different countries. Therefore, both options A and B are correct. However, the concept of convergence does not necessarily relate to the pinnacle of Western-style capitalism, so option D is incorrect.

Once Convergence Is Reached