The Publication of a Standard,exposure Draft,or Final SIC Interpretation Requires

question 45

Multiple Choice

The publication of a standard,exposure draft,or final SIC interpretation requires approval by:

• A) The Chairman of the IASB.
• B) A simple majority of the IASB's fourteen members.
• C) Nine of the IASB's fourteen members.
• D) Twelve of the IASB's fourteen members.
• E) All of the IASB's fourteen members.

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Definitions:

Focused Strategy

A business approach where a company targets a specific niche or segment of the market, concentrating its efforts and resources to serve that segment to the exclusion of others.

Vertical (Y) Axis

The axis in a chart or graph that runs vertically (up-and-down) and typically represents the range of values for a given variable.

Horizontal (X) Axis

A line on a graph that typically represents the independent variable in a data chart or plot.

Organizational Structure

The system of tasks, workflows, reporting relationships, and communication channels that directly the activities of an organization.