IRBs Must Be at Least Five Members and Are Comprised

question 48

True/False

IRBs must be at least five members and are comprised of individuals affiliated with the institution sponsoring the IRB.

Understand the role of factoring in financial management and its accounting treatment.

Comprehend the effects of consolidating securitization entities on a firm's financial statements.

Understand the concept and calculation of operating income under different production levels.

Calculate and interpret direct materials price variance.

---

Definitions:

Motivation

Describes the forces, either intrinsic or extrinsic, that direct and energize an individual's behavior, thoughts, and persistence in pursuing goals.

Stimulus Drive

A concept in psychology that discusses how external stimuli can motivate behavior by activating drives or needs.

Stimulus Motive

A drive that is based on needs for exploration, manipulation, curiosity, and stimulation of the senses.

Primary Drive

Fundamental biological needs or urges, such as hunger, thirst, and sex, that motivate behavior.