Which of the Following Is a Characteristic of the Institutional

question 48

Multiple Choice

Which of the following is a characteristic of the Institutional Review Board (IRB) ?

• A)IRBs are national review agencies composed of at least three individuals.
• B)All members of the IRB must be from outside the institution.
• C)IRBs review studies conducted within and outside the institution.
• D)Every institution that receives federal funds must have an IRB.

Comprehend the impact of expense allocation on net income calculation for a department.

Understand the role of gross sales in the allocation of indirect expenses.

Distinguish between the allocation bases for different types of indirect expenses.

Recognize direct expenses related to a specific department.