FASB Statement No

question 3

Multiple Choice

FASB Statement No.115 generally applies when the level of ownership of another company is at what percentage?

• A) More than 50%
• B) 20%-30%
• C) 30%-50%
• D) Less than 20%

---

Definitions:

Responsive

The capacity to quickly and effectively adjust to new conditions or changes.

Supply Chain

The interconnected network of individuals, organizations, resources, activities, and technologies involved in the manufacture and sale of a product or service, from the delivery of raw materials to the end user.

Marketing Strategy

A plan of action designed by an organization or individual business to promote and sell its products or services.

Supply Chain

The entire network of entities, directly interlinked and interdependent in servicing the same consumer or customer base, involved in the production, delivery, and sale of a product.