The _____ Has Ultimate Responsibility for Specifying Generally Accepted Accounting

question 20

Multiple Choice

The _____ has ultimate responsibility for specifying generally accepted accounting principles for publicly traded companies in the United States.

• A)FASB
• B)IASC
• C)SEC
• D)GAAP

---

Definitions:

Ecological Footprint

A measure of how much land and water area a human population requires to produce the resources it consumes and to absorb its wastes, using prevailing technology.

Earth's Surface

The outermost layer of the Earth that includes both land and water bodies.

Demographic Transition

A model that describes the transformation of countries from having high birth and death rates to low birth and death rates as part of economic development.

Carrying Capacity

The maximum population size of a species that an environment can sustain indefinitely, given the food, habitat, water, and other resources available.