Which of the Following Organizations Is Not Among the Four

question 36

Multiple Choice

Which of the following organizations is not among the four international standard-setting organizations?

• A)Accounting Standards Committee Foundation (IASCF).
• B)Standards Advisory Council (SAC).
• C)International Financial Reporting Interpretations Committee (IFRIC).
• D)International Organization of Securities Commissions (IOSCO).

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Definitions:

Isoquants

Curves representing combinations of inputs which yield the same level of output in production theory, illustrating technical substitution and factor combinations.

MRTS

Marginal Rate of Technical Substitution; the rate at which one input must increase when another input decreases to keep output constant.

Labor

A term referring to the human effort, both physical and mental, used in the production of goods and services.

Marginal Product

The extra output or benefit produced by using one more unit of a given input, such as labor or capital.