Which of the Following Statements Holds True for Accounting Standards

question 32

Multiple Choice

Which of the following statements holds true for accounting standards?

• A)It refers to a statement that contains details of all a country's economic transactions with the rest of the world, for a given time period, usually one year.
• B)It refers to the sale of securities under a negotiated agreement between an issuer and the investing institution, as an alternative to a public issue.
• C)It refers to the rate of interest charged by the Federal Reserve Bank on financial accommodation extended to banks and financial institutions.
• D)It refers to a system of rules and principles that prescribe the format and content of financial statements.
• E)It refers to government securities that have the highest degree of reliability.

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Definitions:

Aversive Conditioning

A form of behavior therapy that involves repeated association of an undesired behavior with an unpleasant stimulus to reduce the behavior.

Double-blind Procedure

A study design in which neither the participants nor the experimenters know who is receiving a particular treatment, to prevent bias in research results.

Joseph Wolpe

A psychiatrist known for developing systematic desensitization, a process used to reduce phobias and anxieties.

Exposure Therapies

A set of therapeutic techniques used to treat fears and phobias by gradually exposing patients to the feared object or context without any danger, in order to overcome their anxiety.