The Development Phase Is Described in AASB 1022 as Including

question 24

Multiple Choice

The development phase is described in AASB 1022 as including:

• A) The establishment of the existence of a technically feasible and commercially viable deposit that is capable of extraction.
• B) The establishment and commissioning of facilities and infrastructure to enable the development of the area of interest.
• C) The establishment of access to the deposit or field and other activities involved in establishing access for commercial production.
• D) The establishment of infrastructure to permit the day-to-day activities necessary to bring the natural substance to a state in which it becomes a saleable product.
• E) None of the given answers.

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Definitions:

Leader Power

The ability of a leader to influence others and command respect and authority.

Rewards

Benefits, both tangible and intangible, given to employees as recognition for their work and to motivate continued performance.

Motivate

To provide someone with a reason or incentive to do something.

Coercion

The act of compelling or forcing someone to act in a certain way by use of threats or pressure.