The SEC and FASB Are Best Described as External Influences

question 50

Multiple Choice

The SEC 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.

---

Definitions:

Profit Motives

The drive to undertake activities for the purpose of making profit, often considered a primary objective in capitalism.

Kai Nielsen

A philosopher known for his work in ethics and religion, contributing to debates within these disciplines.

Health Care

A broad term that refers to the maintenance or improvement of health via the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in people.

Fair Equality

A concept in ethics and political philosophy where individuals are given the same opportunities and conditions for success.