Which of the Following Organizations Is Primarily Responsible for Establishing

question 20

Multiple Choice

Which of the following organizations is primarily responsible for establishing GAAP in the United States?

• A)Securities Exchange Commission (SEC)
• B)Financial Accounting Standards Board (FASB)
• C)International Accounting Standards Board (IASB)
• D)Internal Revenue Service (IRS)

---

Definitions:

Balanced Scorecard

A system for strategic planning and management designed to align organizational activities with its vision and strategy.

Customer Satisfaction Ratings

A measure used to quantify the degree to which a customer is happy with a product, service, or experience.

Lagging Indicator

Any metric where performance is predicted by performance in another metric.

Leading Indicator

Any metric where performance is predictive of performance in another metric.