This Organization Is Developing an International Code of Conduct for Professional

question 20

Multiple Choice

This organization is developing an international code of conduct for professional accountants:

• A)International Accounting Standards Board
• B)European Federation of Accountants
• C)Financial Accounting Standards Board
• D)Public Accounting Oversight Board
• E)International Federation of Accountants

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Definitions:

Positive Economics

Positive Economics is the branch of economics that deals with the description and explanation of economic phenomena, focusing on factual and cause-and-effect relationships.

Economic Variables

Quantitative measures that represent aspects of the economy or a company and can change over time, such as GDP, inflation rate, and unemployment rate.

Policy Makers

Individuals or groups responsible for making decisions that affect the economy, society, or governance.

Normative Economics

A branch of economics that expresses value judgments about economic fairness or what the economy ought to be like.