The rule-setting body, which authorizes generally accepted accounting principles is the ________

A) IFRS
B) FASB
C) SEC
D) Federal Reserve System


B

Business

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A managerial innovation that improves the efficiency of a company's cross-functional teams would be considered a(n) ______ innovation.

A. product B. method C. process D. adaptive E. practical

Business

Owen and Jessica own and operate an S corporation. Each is a 50% owner. The business reports the following results:   Business revenue$225,000Business expenses 88,000Investment expenses 16,000How do Owen and Jessica report these items for tax purposes?

A. $137,000 income on Schedule E; $88,000 investment expense on Schedule A B. $68,500 income on Schedule E; $8,000 investment expense on Schedule A C. $68,500 income on Schedule E; $16,000 investment expense on Schedule D D. $225,000 income on Schedule E; $16,000 investment expense on Schedule A

Business

During which stage of value proposition creation are buyer personas created?

A) while understanding customer purchase motivation B) while creating a name for a product or service C) while identifying targeted customer segment D) while creating a list of direct and indirect competitors

Business

The national government can regulate almost every commercial enterprise in the United States

Indicate whether the statement is true or false

Business