Which of the Following Is $\underline{not}$ A True Statement Regarding the IASB?
A)The IASB Has Promulgated

question 53

Multiple Choice

Which of the following is $\underline{not}$ a true statement regarding the IASB?

• A)The IASB has promulgated a conceptual framework.
• B)The IASB is playing an important role in the drive toward harmonization.
• C)Several European nations have surrendered their standard-setting powers to the IASB.
• D)Members of the IASB have pledged to use their best endeavors to bring the adoption of IASB standards to their countries.

---

Definitions:

Marginal Utility

The additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.

Marginal Utility

is the additional satisfaction or benefit a consumer derives from consuming one more unit of a good or service.

Total Utility

The total satisfaction or benefit a person derives from consuming a certain quantity of goods or services.

Consumer Derives

The satisfaction or utility that a consumer obtains from purchasing and using goods or services.