A Networker Surveys a Room for Potential Customers or Clients,wondering

question 48

Multiple Choice

A networker surveys a room for potential customers or clients,wondering who he can sell to.Such a networker is considered to be:

• A) other-oriented.
• B) task-oriented.
• C) self-oriented.
• D) purpose-oriented.

Know the role of the International Accounting Standards Board (IASB) and the Securities and Exchange Commission (SEC) in establishing accounting standards and principles.

Grasp the principles of objectivity, cost principle, and the going-concern assumption in accounting.

Understand the concepts of planning activities and their financing in businesses.

Recognize the importance of general accounting principles and the accounting equation in business operations.

---

Definitions:

Official Authorization

Formal approval granted by an authorized entity, often required for specific actions or operations.

Corporation

A legal entity (or a legal person) created by either a state or federal statute authorizing individuals to operate an enterprise.

Bylaws or Regulations

Rules or laws established by an organization or community to regulate its actions and enforce standards.

Annual Shareholders Meeting

A yearly gathering of the shareholders of a company to discuss its performance, elect the board of directors, and make decisions on other corporate matters.