In 1973, the following private-sector body was organized to set accounting standards in the United States:
a. the Financial Accounting Foundation.
b. the Securities and Exchange Commission.
c. the FASB
d. the Accounting Principles Board
C
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______ is built through risk and confirmation and broken through risk and disconfirmation.
Fill in the blank(s) with the appropriate word(s).
Trainstar, a sportswear equipment manufacturer, releases a new line of energy drinks called VitaZing. The television ad for the energy drink shows people jogging, working out in a gym, and doing aerobics
The actors then take a break to drink VitaZing, which visibly re-energizes them and leads them to continue exercising. Which advertising style is most likely used in the VitaZing ad? A) scientific evidence B) technical expertise C) personality symbol D) testimonial evidence E) lifestyle
Which of the following statements is true of agency problems?
A. Regardless of economic conditions, if a firm's stock price falls during the year, this indicates that the firm's managers must not be acting in the best interests of the shareholders. B. One method of controlling agency problems is to engage in the taking of "poison pills." C. One of the best means to control agency problems is to require the managers and other important decision-makers of the firm to also be owners of the firm. D. Agency problems probably would not exist if the important decisions of a firm were made by persons who have no vested interests, such as ownership, in the firm. E. Shareholders can solve agency problems by selling their stock to other investors.
Finn and Glenda want to form and do business as Hobby Crafts Corporation. A corporation is a legal entity created and recognized by
A. a central federal administrative agency. B. a city or county clerk's office. C. an artificial legal person. D. state law.