1. A private college prepares it statements under the FASB standards, while the public college prepares its statements under the GASB standards. Can you identify any differences in the financial reports?
2. Choose an industrialized, developed country and an emerging country. compare and contrast the consumer culture environment between each country. Describe at least four characteristics of each country;s consumer culture and discuss each country's environmental issues including market maturity, tariff/non-tariff barriers, competition, industrial markets, political risks, and distribution.