The _______ Sets the Accounting and Financial Reporting Standards for Both

question 108

Multiple Choice

The _______ sets the accounting and financial reporting standards for both state and local governments and public not-for-profits.

• A) FASAB
• B) FASB
• C) GASB
• D) AICPA

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Definitions:

Classical Conditioning

An educational process that happens when a naturally occurring stimulus is linked with a stimulus from the environment.

Stimulus

Any object or event that elicits a sensory or behavioral response in an organism.

Response

A reaction to a specific stimulus or situation, which can be physiological, emotional, or behavioral.

Unconditioned Response

A natural, automatic reaction to a stimulus that occurs without previous conditioning.