The SEC,PCAOB,and FASB Are Best Described as External Influences That

question 53

Multiple Choice

The SEC,PCAOB,and FASB are best described as external influences that directly affect an organization's

• A)hiring practices.
• B)philosophy and operating style.
• C)internal environment.
• D)methods of assigning authority.

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Definitions:

Inventories

The raw materials, work-in-process products, and finished goods that a company holds for the purpose of sale in the near future.

Manufacturing Firms

Companies that produce goods using raw materials and various processes and machinery, often involving large-scale production.

Retailers

Businesses that sell goods or commodities directly to consumers, often from physical locations or through online platforms.

Credit Policies

Credit policies refer to the guidelines and standards set by a business regarding the extension of credit to customers, including terms, conditions, and criteria for creditworthiness.