Which of the Following Is Not Within the Scope of the IASB

question 5

Multiple Choice

Which of the following is not within the scope of the IASB extractive activities project?

• A) The definition of reserves and resources.
• B) Disclosure requirements for reserves and resources.
• C) Measurement of reserves and resources on initial recognition as an asset.
• D) Whether to expense or capitalise costs recognised after recognition of reserves and resources as assets.

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Definitions:

Environmental Supply-Chain Risks

Risks associated with environmental factors that can affect the supply chain, including natural disasters, climate change, and resource depletion.

Process Supply-Chain Risks

Process Supply-Chain Risks involve identifying, assessing, and managing the risks associated with the operational processes in the supply chain, aiming to minimize vulnerabilities and ensure continuity.

Blanket Orders

A type of purchase order issued by a buyer to a supplier, agreeing to purchase a specific amount of goods or services over a set period, often at a predetermined price.

Online Catalogues

Digital platforms or websites that display a collection of products or services offered by a retailer, allowing customers to browse and make purchases remotely.