Answer:
The Financial Accounting Standards Board (FASB) "is a private body that helps set accounting standards in the United States."
Explanation:
The Financial Accounting Standards Board is a private nonprofit body that are tasked with the responsibility of establishing financial reporting and accounting standards for profit and non-profit organization present in the United States, following GAAPs. The body was established in 1973 and is known to be under the private sector.
<u>Question 1</u>
The correct answer is: "The researchers administered a questionnaire to obtain their data without trying to influence an explanatory variable of the study".
An observational study is one in which the researcher observes the effect of a variable without manipulating the conditions that surround the exposure or the subjects who are exposed to it. In this example, he simply hands out questionaires to the 353 individuals that compose the sample drawn from the population of interest: 12-year old teenagers.
<u>Question 2</u>
The correct answer is: "a cohort study".
The researcher is interested on a population group where all the components share a common characteristic (12-year old) and therefore they all belong to the same cohort. Subsequenly, he evaluates the differences between the ones who have been exposed to the explanatory variable (having a video console in the bedroom) and those who have not.
The answer is Option 3: intrinsic motivation.
Answer:
Critics would point out that binding price floors cause excess supply of the good.
Explanation:
A binding price floor is a minimum price on a good or service, imposed by the government, that is above the market price. Binding price floors are common in agricultural policy, and in wage policy (minimum wage).
A binding price floor causes excess supply because it makes suppliers produce more than the amount consumers demand. Because the price cannot go any lower where supply and demand meet, this excess supply continues to exist, and in the case of agricultural products, is often stored for future times, or even left to rot away.
Answer:
b. the intuitive decision-making model.
Explanation:
The intuitive decision-making model refers to the ability to gather information that other individuals may miss, in other words it is called as the sixth sense. Something in your "guts" tell you which could be the satisfactory decision to make. This is utilized when we don't have much time to use analytics or facts in order to make a decision.
In this example, when the goal of the decision making exercise is to make a satisfactory decision limited in time, you should utilize b. the intuitive decision-making model.
