Discuss the difference between U.S. GAAP and IFRS in terms of rule-based versus principle-based approaches to accounting
What will be an ideal response?
The approach to U.S. GAAP is described as rule based because there are numerous detailed rules and guidance on how to prepare financial statements. The IFRS approach is described as principle based and requires more judgment in preparing financial statements because there is less detail and guidance provided.
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Which of the following is not one of the ways to change an organization to prevent job stress?
a. Design jobs to provide meaning, stimulation, and opportunities for workers to use their skills. b. Provide opportunities for social interactions among workers. c. Encourage workers to perform at maximum performance over long periods of time. d. Establish work schedules that are compatible with demands and responsibilities outside of the job.
Jason is a technology enthusiast who is happy to conduct alpha and beta testing and report on early weaknesses of consumer electronics products. He is most likely to fall in the ________ adopter category
A) late majority B) early C) early majority D) innovator E) laggard