The Primary Historical Reason for the FASB Reversing Its Positions

question 110

Multiple Choice

The primary historical reason for the FASB reversing its positions when political pressures occur is:

• A)The cost of gathering data was prohibitive.
• B)The difficulties in measurement were too great.
• C)They have no authority in such situations.
• D)The SEC did not support the FASB position.

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Definitions:

Situational Demands

External pressures, constraints, or requirements that affect an individual's behavior in a particular context or situation.

Progress Understanding

The acquisition of knowledge or insight into the advancement or development of something.

Leadership Research

The systematic study of leadership styles, practices, and outcomes to understand and improve leadership effectiveness.

Quantitative Method

A research method that focuses on obtaining and analyzing numerical data for statistical analysis.