Which of the following are characteristics of the FASB?
a. It is part of the AICPA.
b. Members are part-time employees of the FASB.
c. A member must be a CPA.
d. It makes more extensive use of research than its predecessors.
ANSWER: D
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The primary goal of an integrated marketing communications program is to
A. control all facets of a product's distribution. B. communicate with customers primarily through mass-media advertising. C. create a strong distribution network, via marketing, that is capable of destabilizing any competition. D. have a company's entire marketing and promotional activities project a consistent, unified image to its customers. E. have complete control over all the channel partners in the distribution channel and to slow down the rate of diffusion of a new product among the customers.
The client/server topology
a. increases the amount of data that is transmitted between the central file and the network node b. eliminates the need for nodes to communicate with each other c. reduces the number of records that must be locked by having the file server perform record searches d. functions only with a ring and bus topology
Common bases for modern pay structures include all but which of the following?
A. The content of the work B. The work's relative value for achieving organizational objectives C. The extent of external competitiveness and equity D. The skills and knowledge required to perform the work
How should a contingent liability be reported in the financial statements when it is "reasonably possible" the company will have to pay the liability at a future date?
a. As a deferred liability b. As an accrued liability c. As a disclosure only d. As an account payable with an additional disclosure explaining the nature of the transaction