Which of the Following Is True with Regard to the Characteristics

question 73

Multiple Choice

Which of the following is true with regard to the characteristics of the International Accounting Standards Board (IASB) ?

• A)A unanimous vote by all Board members is needed to issue a new International Financial Reporting Standard (IFRS).
• B)The IASB consists of 14 part-time members.
• C)Each member of the IASB must come from a different country.
• D)IASB members are appointed for 5-year renewable terms.

---

Definitions:

Active Portfolio

An investment portfolio that is actively managed with the goal of achieving returns that outperform a specific benchmark or market index.

Distressed Firms

Companies experiencing financial difficulties, often facing bankruptcy or restructuring.

Convertible Bonds

Bonds that can be converted into a predetermined number of shares of the issuer's stock, at the option of the bondholder.

Currency Speculation

The act of buying and selling currencies with the aim of profiting from changes in exchange rates.