Which of the following is true regarding historical experience in standard setting?
A) It provides very rigorous guidelines.
B) It should be used with caution because it can perpetuate inefficiencies.
C) Operating personnel may not be able to achieve operating standards based on historical experience.
D) Standards based on historical experience are better than standards based on engineering studies.
E) None of the other statements are true.
B
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Dividing the net income for the year by the average number of common shares outstanding during the year (if only common stock is outstanding) is the calculation for the
a. return on stockholders' equity. b. return on assets. c. earnings per share. d. book value per share.
Answer the following statements true (T) or false (F)
1.We usually reproduce what we store in our memory. 2.When we organize the stimuli we perceive uniquely, we are creating perceptual sets. 3.Rigid perceptions that are applied to all members of a group, regardless of individual variation, are called ethnocentricities. 4.The Internet is affecting how well we remember information. 5.When we look for a consensus, we consider differences in behavior.
What is the goal of FASB and IASB in the creation of the conceptual framework?
A) To develop standards that are internally consistent. B) To develop standards that are internationally converged. C) To develop standards that lead to financial reporting that provides clear consistent information to capital providers. D) All of these choices
Research data on Mumford et al.’s model was tested on military personnel. which of the following is true?
A. the model can be effectively applied to leadership skills in small organizations B. the model can be effectively applied to leadership skills in large organizations C. the model cannot be effectively applied to leadership skills in startup businesses D. the model can be effectively applied to leadership skills in startup businesses