Which of the Following Was Created to Develop and Approve

question 26

Multiple Choice

Which of the following was created to develop and approve a set of common International Financial Reporting Standards (IFRS) ?

• A) International Accounting Standards Board (IASB)
• B) Securities and Exchange Commission (SEC)
• C) Generally Accepted Accounting Principles (GAAP)
• D) International Federation of Accountants
• E) International Accounting Standards Committee

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Definitions:

Implicit Followership Theories

Individual beliefs or assumptions about the traits and behaviors that characterize followers, affecting leadership interaction and expectations.

Power Distance Orientation

A cultural dimension that describes the extent to which less powerful members of organizations and institutions accept and expect power to be distributed unequally.

Social Exchange Theory

A sociological and psychological theory that suggests human relationships are formed by the use of a subjective cost-benefit analysis and the comparison of alternatives.

Immediacy

The degree of physical or psychological closeness or availability between people, often increasing perceived warmth and friendliness.