The 1933 and 1934 U.S. federal securities laws virtually gave the Securities and Exchange Commission (SEC) authority and responsibility for the development of generally accepted accounting principles

Activity-based budgeting (ABB) is a budget system based on ____________________.

Fill in the blank(s) with the appropriate word(s).

Which of the following is the best advice about business plans for Paul, who has a great idea for a start-up business but will need substantial external financing to get started?

A) Have a business plan in place by the first day your business is open. B) Have a business plan in place before seeking out investors. C) Focus on the product overview and fill in details about the competitive environment after the business has launched. D) Focus on the operations overview and fill in financial details after the business has launched. E) Make operational and financial objectives as general as possible.