Which of the following organizations has the primarily authority for producing GAAP in the US?

a. the IASB
b. the FASB
c. the EITF
d. the AICPA
e. the EDGAR

Ans: b. the FASB

Business

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If near term liquidity were the only objective for a client, which of the following pairs of investments would represent the most/least liquid?

A) Variable annuity (VA)/direct participation programs B) Exchange listed equities/direct participation program (DPP) C) Variable annuity (VA)/money market mutual funds D) 10-year corporate bonds/U.S. T-bills

Business

In addition to "selling" their vision, top management at both Whirlpool and GE face the formidable task of building:

A) their company stature. B) physical layout and design. C) a cadre of globally oriented managers. D) a cadre of loyal customers. E) access to distribution channels.

Business