Which of the following is not a part of the FASAB due process for establishing a federal financial accounting standard?
A. Unanimous approval by the FASAB.
B. Support (or lack of opposition) of the standard by the three principals (Comptroller General, Secretary of the Treasury, and Director of the Office of Management and Budget).
C. Issuing an exposure draft.
D. Public comment on a discussion memorandum.
Answer: A
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Fashions, Inc has 12 shareholders. There is no shareholder agreement concerning the board of directors. The company is subject to the Model Act. How many directors is Fashions, Inc required to have?
a. None. b. One. c. Two. d. Five.
The customer who arrives at a bank, sees a long line, and leaves to return another time is
A) balking. B) cropping. C) reneging. D) blithering. E) None of the above
Organizational buying behavior is similar to consumer behavior in some ways and different in others. One commonality is that both
A. use the same five stages in the purchase decision process. B. rely on gatekeepers to control product information. C. use formal vendor rating when choosing among alternative brands. D. are affected by derived demand. E. have virtually unlimited options for suppliers.
Steve, the vice president of engineering, discusses manufacturing needs with Ella, the vice president of manufacturing. This is an example of vertical communication.
Answer the following statement true (T) or false (F)