Which of the Following Is Not a Characteristic of an Institutional

question 12

Multiple Choice

Which of the following is not a characteristic of an Institutional Review Board?

• A) Members are from a variety of disciplines
• B) Boards include one member from outside of the institution
• C) IRBs are typically at colleges and universities
• D) Members must be social scientists

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Definitions:

Contra-revenue Account

is an account that is deducted from gross revenues to arrive at net revenue, examples include sales returns, allowances, and discounts.

Sales Returns

Transactions where customers return previously purchased merchandise, leading to a debit to the sales returns account and a credit to accounts receivable or cash.

Gross Sales

The gross sales income of a business before subtracting any returns, allowances, or discounts.

Credit Sales

Sales transactions where payment is not received at the time of purchase but is instead deferred to a later date.