Which of the Following Is Closest to IAS 27 Definition

question 52

Multiple Choice

Which of the following is closest to IAS 27 definition of control?

• A) A company is deemed to have control over another only when it owns a majority of the voting shares of another company.
• B) A company is deemed to have control when it can elect a majority of the Board members of another company.
• C) Control is the power of one company to govern the financial and operating policies of an entity so as to obtain the benefits of its activities.
• D) Control exists only when a company has the continuing power to determine the operating and financing policies of another company and attempts to exercise such powers.

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Definitions:

Working Memory

A cognitive system that holds information temporarily for processing and manipulation, crucial for reasoning and guidance of decision-making and behavior.

Older Adults

Individuals typically defined as being aged 65 years and older, often with considerations for their social, health, and cognitive changes.

Underperformed

Underperformed refers to performing below the expected or required standard or level.

Individual Differences

Variations among individuals in their thinking, emotion, personality, or behavior.