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:

Intercultural Adjustment

The process individuals undergo to adapt to and understand different cultural norms, behaviors, and values when interacting with other cultures.

Global Leadership

The ability to influence individuals, groups, and organizations from various cultural backgrounds to achieve a common goal or objective.

Tight Culture

Cultures or organizations characterized by rigorous rules, regulations, and expectations that govern member behavior, ensuring uniformity and conformity.

Cultural Distance

The degree to which cultural norms, values, and practices differ between two groups, societies, or countries.