Which Board(s) Has(have) Worked to Implement Fair Value Measurement for Financial

question 9

Multiple Choice

Which board(s) has(have) worked to implement fair value measurement for financial instruments?

• A)FASB, but not IASB.
• B)IASB, but not FASB.
• C)both FASB and IASB.
• D)neither FASB nor IASB.

---

Definitions:

Employee Needs

The physical, emotional, social, and psychological requirements of employees that need to be met for them to perform their jobs effectively and remain satisfied and motivated.

Four-drive Theory

A theory positing that human behavior is driven by four fundamental needs or drives: the drive to acquire, bond, learn, and defend.

Reactive

A response or behavior that occurs as a result of external stimuli, rather than initiating action proactively.

Proactive

An approach characterized by taking initiative and anticipatory actions to influence an outcome, rather than reacting to events after they occur.