Better Business Bureau (BBB)tries to Use __________ to Get Its

question 84

Multiple Choice

Better Business Bureau (BBB) tries to use __________ to get its members to comply with its standards of business conduct.

• A) the FTC
• B) industry trade associations
• C) moral suasion
• D) the courts
• E) competitors

---

Definitions:

GAAP

Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction, particularly in the United States.

Projected Benefit Obligation

The present value of estimated future payments required to settle the obligations of a pension plan over its employees' expected future service.

Plan Assets

Assets that are held by a retirement plan from which the benefits to the participants are to be paid.

Funded Status

A measure of the financial health of a pension plan, indicating the difference between plan assets and liabilities.