Question

Which of the following is/are components of the Standards?

I. Statements.
II. Interpretations.
III. The glossary
Select one:
a. I only
b. I and II
c. I and III
d. I, II and III

Answer 1

The components of the Standards include statements, interpretations, and the glossary. Therefore, the correct answer is d. I, II, and III.

Step-by-step explanation:

The components of the Standards include:

1. Statements: These are the explicit rules or guidelines that provide guidance and set expectations for a particular field or industry.
2. Interpretations: These are explanations or clarifications of the statements within the Standards, helping to provide further understanding and context.
3. The glossary: This is a collection of key terms and definitions that are used in the Standards, ensuring common understanding and consistent terminology.

Therefore, the correct answer is d. I, II, and III.