Under current GAAP,the sponsor of a securitization entity (SE) will have to treat a securitization as a collateralized borrowing instead of a sale if it has
A) the power to direct the activities of the SPE that most significantly impact the SPE's economic performance. B) the obligation to absorb significant losses or the right to receive significant benefits that potentially could be generated by the SPE. C) both the power to direct the activities of the SPE that most significantly impact the SPE's economic performance and the obligation to absorb significant losses or the right to receive significant benefits that potentially could be generated by the SPE. D) neither the power to direct the activities of the SPE that most significantly impact the SPE's economic performance or the obligation to absorb significant losses or the right to receive significant benefits that potentially could be generated by the SPE because securitizations are always treated as sales.
Online or distance education involves the use of computer technology and the Internet to deliver educational content and courses. Online courses can include text, graphics, and videos as well as quizzes, and downloadable materials. Many online courses also include discussion boards for students to post questions, comment on course material, answer questions, and receive instructor input. Class interactions can also be included by having designated discussion times that involve the entire class. Two new developments are massive open online courses (MOOCs) and small private online courses (SPOCs). Massive open online courses are courses that are available on the Internet and are usually free and have open enrollments. Small private online courses focus on more specific topics and are offered to smaller and more targeted audiences. Enrollment is limited and the content can be customized and directed to a specific group of employees.