The Purpose of the Conceptual Framework Developed by the Financial

question 91

Multiple Choice

The purpose of the conceptual framework developed by the Financial Accounting Standards Board (FASB) is to guide?

• A)alternative rule making decisions
• B)enforcement decisions
• C)academic research and study
• D)Congressional decision-makers
• E)standard setting decisions

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Definitions:

Elevator Speech

A brief and persuasive speech used to spark interest in what a person, organization, or project does, often delivered in the time span of an elevator ride.

Philippic

A fiery, damning speech, or tirade, often directed against someone or something.

Lengthy Monologues

Long, uninterrupted speeches by a single speaker that can be informative but might also disengage the audience.

Active Listening

Feeding back the literal meaning or the emotional content or both so that the speaker knows that the listener has heard and understood.