Examlex

Solved

GASB and FASB Standards Are Concerned Only with External Financial

question 19

Essay

GASB and FASB standards are concerned only with external financial reporting; whereas, FASAB standards are concerned with both internal and external financial reporting. Do you agree with this statement? Why or why not?


Definitions:

Conditioned Response

A learned reaction to a previously neutral stimulus that has become associated with an unconditioned stimulus.

Spontaneous Recovery

The reappearance of a learned response after its apparent extinction.

Negative Punishment

A behavior modification technique where a desirable stimulus is removed following an unwanted behavior, with the aim of decreasing that behavior.

Positive Punishment

Adding an undesirable stimulus to decrease a behavior.

Related Questions