Once the FASB has established an accounting standard, the
a. standard is continually reviewed to see if modification is necessary.
b. standard is not reviewed unless the SEC makes a complaint.
c. task of reviewing the standard to see if modification is necessary is given to the AICPA.
d. principle of consistency requires that no revisions ever be made to the standard.
A
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Upper-middle-income countries that achieve the highest rates of economic growth are sometimes referred to collectively as:
A) LDCs. B) BEMs. C) BRICs. D) NIEs. E) BOPs.
Spoexa, a food-marketing company was hired by the French Ministry of Agriculture to organize cocktail parties in 19 countries in order to:
A) promote French wines. B) promote French cheese. C) show that French cuisine is laid back. D) show that French wines are superior. E) show how to use French cuisine.
Companies that provide healthcare, communication, banking and other benefits to society are called ________.
A) service companies B) societal organizations C) merchandising companies D) consumer organizations
A nonprofit organization placed a Better Business Bureau national charity seal in its promotional materials. The organization is demonstrating ______.
A. efficiency B. effectiveness C. transparency D. performance