Which of the Following Is Not a Purpose of FASB's

question 135

Multiple Choice

Which of the following is not a purpose of FASB's conceptual framework?

• A) aid in development of new standards
• B) support understanding of accounting standards
• C) assist with revision of accounting standards
• D) override existing accounting standards

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Definitions:

Repetitive

Characterized by or involving repetition, especially in actions, events, or processes, leading to a lack of variety.

Motivational Factors

Elements or conditions that drive individuals to put forth effort towards achieving goals and performing tasks.

Job Enrichment

A method of motivating employees by adding variety, autonomy, and increased responsibility to their roles to enhance job satisfaction and performance.

Redesigning

The process of revising or completely changing the design of a product, service, or system to improve functionality or appearance.