Which of the Following Groups Has Primary Responsibility for Establishing

question 88

Multiple Choice

Which of the following groups has primary responsibility for establishing generally accepted accounting principles for businesses in the United States?

• A) the US Congress
• B) the Securities and Exchange Commission
• C) the Financial Accounting Standards Board
• D) the Internal Revenue Service

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Definitions:

Parental Discipline

The strategies and methods used by parents to teach and guide their children towards appropriate behavior and away from misbehavior.

Self-discipline

The ability to control one's feelings, behaviors, and desires to achieve a long-term goal.

Induction

The process of initiating or causing something to happen, often used in contexts like labor in childbirth or reasoning in logic.

Unacceptable Behavior

Actions or conduct deemed inappropriate or offensive according to societal standards, norms, or expectations.