Prior to the FASB, accounting regulation was done primarily by:
a. the SEC.
b. the FTC.
c. AICPA subcommittees.
d. large accounting firms.
ANSWER: C
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Pen & Paper Inc., a publishing company, administered the Myers-Briggs Type Indicator (MBTI) assessment to its editorial team and learned that some individuals are drawn toward gathering the facts and details needed for decision making, while others focus more on noticing relations among the facts. Some of the employees enjoy learning this about themselves, but the human resource specialist who administered the assessment cautions them not to use the results to limit their understanding of what they can do. Which statement best explains the need for caution in applying the results of this assessment?
A. MBTI scores are extremely stable over time. B. MBTI scores should be used for evaluating promotion potential. C. MBTI scores are not necessarily valid and reliable. D. MBTI scores are mainly useful for measuring job performance. E. The scores show that some individuals are more flexible in their thinking than others.
As a result of globalization, one of the expected trends is a decrease in automated and outsourced roles and an increased focus on technical skills for successful managers.
Answer the following statement true (T) or false (F)
Which is NOT true of visual aids in reports?
A. they should clarify the information in the report B. they should be referred to in the text C. abbreviations should not be used D. tables and figures are numbered as separate series
The United States is comprised largely of immigrants who have worked intently at retaining their traditional customs and language while still sharing in the common culture. Which of the following terms LEAST fits the above description?
a. Melting pot b. Internationalization c. Mosaic d. Globalization