The purpose of the conceptual framework developed by the Financial Accounting Standards Board (FASB) is to guide?

a. alternative rule making decisions
b. enforcement decisions
c. academic research and study
d. Congressional decision-makers
e. standard setting decisions


E

Business

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Some start-up investors do not believe a business plan is beneficial in the early stages because

A) it is too easy for anyone to write up a plan. B) most of the information is available on the Internet. C) investors spend too much time reading them. D) there is no need if the product is going to work. E) it is difficult to anticipate circumstances and obstacles that will be encountered.

Business

What country has the most active social media environment in the world?

A) India B) The United States C) Brazil D) China E) Russia

Business

The average starting salary of this year's MBA students is $45,000 with a standard deviation of $5,000. Furthermore, it is known that the starting salaries are normally distributed. What are the minimum and the maximum starting salaries of the middle 95% of MBA graduates?

What will be an ideal response?

Business

Recent developments in Lean thinking have combined these principles with Six Sigma and with supply chain management. Pick either one of these programs and describe its elements

Then provide an example from current business news of an operation or supply chain that has embraced these principles. What will be an ideal response?

Business