What Do the Terms Majority and Minority Refer To

question 39

Multiple Choice

What do the terms majority and minority refer to?

• A) number of people with power
• B) number of people without power
• C) number of people with and without power
• D) relations of advantage or disadvantage

---

Definitions:

International Companies

Businesses that operate across national borders, engaging in international trade or services.

U.S. Standards

Refers to the guidelines, principles, and procedures established in the United States for various activities, including accounting, manufacturing, and other industries.

GAAP

The standardized guidelines for accounting and financial reporting, providing transparency and consistency across financial statements and industries.

FASB

Financial Accounting Standards Board, an independent organization responsible for establishing accounting and financial reporting standards.