The Financial Accounting Standards Board is:
A. Responsible for the review and audit of federal income tax returns.
B. Primarily concerned with the preparation of the annual federal budget.
C. A private group that conducts research and determines generally accepted accounting principles.
D. A government agency with legal authority to approve or disapprove the financial statements of corporations that sell their securities to the public.
C
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Which of the following statements is true regarding secondary data sources?
A) Data collection from secondary sources is time consuming. B) It is usually less expensive than primary data. C) The data gathered is tailored to the manager's needs. D) Secondary data sources are usually consulted after exhausting primary sources.
Minutes are written reports of meetings
Indicate whether the statement is true or false.