By law, the setting of accounting standards is the responsibility of the:
a. AICPA Committee on Accounting Procedure.
b. New York Stock Exchange.
c. Accounting Principles Board.
d. Securities and Exchange Commission.
e. Financial Accounting Standards Board.
D
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A lowest level manager in product management structure is termed:
A) product manager. B) marketing manager. C) product group manager. D) planning manager.
Duncan Corp is declared bankrupt. The Royal Bank has a mortgage on its manufacturing plant. Employees have a claim for $1,000 each for unpaid wages. The trustee in bankruptcy's fees are $10,000
An unpaid supplier of steel has a claim for products supplied. Which of the above is a secured creditor? A) The bank B) The employees C) The trustee in bankruptcy D) The steel supplier E) Both B and C
Answer the following statement(s) true (T) or false (F)
1. The Labor Management Reporting and Disclosure Act was also called the bill of rights of union members 2. The Taft-Hartley Act made sweetheart contracts illegal. 3. In an agency shop the company can hire nonunion people, but they must join the union after a designated period of time. 4. The Taft-Hartley Act enabled states to pass right-to-work laws. 5. In a maintenance of membership agreement, employees who do not belong to the union must pay full union dues.
Which of the following statements is true of management skills?
A. Managers who expect to grow in the company hierarchy must focus solely on improving their technical skills. B. Critical thinking prevents managers from learning conceptual and human skills. C. Top-level managers need stronger technical skills than front-line managers. D. Critical thinking helps managers find value even in an overload of information.