The FASB Has Set a Hierarchy of Inputs to Consider

question 37

Multiple Choice

The FASB has set a hierarchy of inputs to consider in assessing fair value.Which of the following valuations are generally viewed as the most subjective?

• A)Level 0.
• B)Level 1.
• C)Level 2.
• D)Level 3.

---

Definitions:

Reengineering

A process of radically redesigning an organization's processes, systems, and structure to achieve significant improvements in performance, efficiency, and service.

Complex Processes

Processes that are characterized by difficulty, intricacy, or involving multiple interrelated elements.

Survey Feedback

A method of gathering data from respondents and then providing them with the results for purposes of insight, reflection, or initiating change.

Change Agents

Individuals or entities that act as catalysts for change, facilitating, and implementing new ideas, strategies, or technologies within an organization.