The National Oceanic and Atmospheric Administration the National Oceanic and Atmospheric

question 52

Multiple Choice

The National Oceanic and Atmospheric Administration The National Oceanic and Atmospheric Administration, also known as (1) NOAA (pronounced "Noah") , (2) descends from President Thomas Jefferson's Survey of the Coast, which was established in the early 1800's in efforts to promote safe (3) maritime commerce, or coastal trade. NOAA is therefore often considered the oldest scientific government (4) agency in the United States.
It was officially established in 1970 by President Richard Nixon, who thought it was necessary to (5) consolidate a number of agencies into one. Today, NOAA consists of multiple offices, where scientists explore the atmosphere and oceans using tools ranging from satellites that orbit Earth, to submarines that scrape the far depths of the oceans' floor.
NOAA's National Weather Service (NWS) is the organization responsible for weather forecasting and providing important storm warnings and advisories. It's National Ocean Service (NOS) is in charge of mapping the country's coastal waterways and promoting the conservation of the national marine sanctuaries; the marine equivalent of national parks. NOAA's National Marine Fisheries Services (NMFS) is tasked with managing fisheries around the country. The National Environmental Satellite, Data and Information Service (NESDIS) is NOAA's office that oversees the environmental satellite programs and manages the data collected from the NWS.
Few people know that NOAA plays such an important role in our daily lives, yet it does none-the-less. It's thanks to NOAA that we know when to take an umbrella with us to avoid getting soaking wet while walking to work, and to take refuge when an unexpected tornado strikes. Not only is it one of the oldest institutions, but also some will argue that it is also one of the most essential resources for the American people.
In paragraph 2, why does the author include information about the various offices of which NOAA consists?

• A)To explain how NOAA is responsible for weather forecasting.
• B)To support the claim that NOAA is important.
• C)To provide evidence that NOAA was establish by Richard Nixon.
• D)To show that NOAA provides services in a number of different areas.

Identify the methods of revenue recognition for different transactions, including installment sales, franchise agreements, and bundled sales.

Describe the treatment of costs associated with revenue generation, including those in franchise arrangements.

Recognize the criteria for revenue recognition when right of return exists or when sales are subject to significant future uncertainties.

Understand the differences and overlap between GAAP and International Financial Reporting Standards (IFRS) in terms of revenue recognition and measurement.

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Definitions:

Unconditioned Stimulus

In classical conditioning, it is a stimulus that unconditionally, naturally, and automatically triggers a response without prior learning.

Conditioned Stimulus

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, elicits a conditioned response in classical conditioning.

AFLAC

An American insurance company that provides supplemental insurance for individuals and groups to help pay benefits that major medical insurance doesn't cover.

Reinforcement

A process in behavior psychology that increases the likelihood of a behavior by following it with a positive or negative stimulus.