Sustainable Development Means Pursuing Activities That Meet Current Needs, but Which

question 50

True/False

Sustainable development means pursuing activities that meet current needs, but which will not put future generations at a disadvantage when they attempt to meet their needs.

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Definitions:

Fair Value

An estimate of the price at which an asset or liability could be exchanged between willing parties in an arm's length transaction.

Share Capital

Fund raised by a company through the issuance of shares to investors, representing the equity stake of shareholders in the company.

Retained Earnings

Profits generated by a company that are not distributed to shareholders as dividends but are kept as reinvestment in the company or to pay off debt.

Fair Value

What one would receive for selling an asset or pay to transfer a liability in a structured deal among those active in the market at the point of measurement.