The Guidelines That Describe the Rules of Accounting Are Called

question 14

Multiple Choice

The guidelines that describe the rules of accounting are called:

• A)GAAS.
• B)GAAP.
• C)FASB.
• D)SEC.

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Definitions:

Probability Distribution

A mathematical function that describes the likelihood of obtaining the possible values that a random variable can assume.

Uncertainty

The state of having limited knowledge where it is impossible to exactly describe an existing state or future outcome.

Specific Risk

Risk affecting a narrow segment of the market, often associated with individual companies or industries, distinct from broad market risk.

Beta

In finance, a measure of a stock's volatility relative to the overall market.