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NEW QUESTION: 1
A development stage enterprise should use the same generally accepted accounting principles that apply
to established operating enterprises for:
A. Option B
B. Option A
C. Option C
D. Option D
Choice "a" is correct. Development stage enterprises must use all the same principles as established
enterprises including those of revenue recognition and deferral of expenses. The primary difference is
that development stage enterprises must provide additional disclosures not required of established
operating enterprises. SFAS #7, para. 10
NEW QUESTION: 2
Which of the following is false with regard to quality circles and self-managed teams?
A. Self-managed teams and quality circles are often able to help the organization operate more efficiently and effectively.
B. Self-managed teams are assigned by management, and quality circle teams are voluntary.
C. Managerial acceptance by tradition-oriented managers.
D. Self-managed teams and quality circles often have better cohesion among members.
Managerial acceptance is the primary obstacle to adoption of self-managed teams.Tradition orientedmanagers often perceive the loss of authority to a self-managed team as a threat to their status.