Answer:
FALSE
Explanation:
The FASB, GASB, and FASAB do not all focus their standards on both internal and external financial reporting.
The GASB - Governmental Accounting Standards Board and the FASB - Financial Accounting Standards Board, tend to focus more on external users of financial information while the FASAB - Federal Accounting Standards Advisory Board tend to focus on both internal and external users of financial information.
Answer: The correct answer is "a. a release.".
Explanation: If Brick and Carmen have an accident in a car, and Brick offers Carmen $ 2000 to not initiate legal action and she accepts but then realizes that it will cost $ 1500 to repair her car and $ 4000 medical expenses The agreement between Brick and Carmen is <u>a release.</u>
Answer: Core customer value
Explanation:
Core customer value could be seen as focusing on customers who basically buy your product and what can be done to keep them or improve services for them. Most manufactures are on the lookout on what their customers really want and how they can give it to them in a great manner which would also be affordable. Customers are gold, hence, when not treated well they can be lost to another manufacturer considering the competition of the market. Core customer value focuses on what better can the manufacturer offer the customer.
The automatic option is "extended term".
An extended term insurance refers to a non-forfeiture option which is given by life insurance companies to those policy holders that holds whole life insurance policy. Considers the utilization of cash balance which is held in whole life insurance policy to pay for term life insurance.