Technological Uncertainty Means

question 5

Multiple Choice

Technological uncertainty means

• A)uncertainty as to which technical standards will be adopted or emerge.
• B)the uncertainty from it not being possible to predict how long it may take or even whether a technical problem will be solved.
• C)the uncertainty of whether a rival is secretly developing the same technology more quickly.
• D)all of the above.

Calculate and interpret the carrying amount of an asset.

Recognize and account for gains or losses on disposal of assets.

Understand the concept and accounting treatment of asset impairment.

Determine the impact of depreciation and asset disposal on financial statements.

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Definitions:

Ratify

To formally approve or confirm an agreement or treaty, making it officially valid.

World Trade Organization

An international body that deals with the rules of trade between nations, aiming to ensure that global trade flows smoothly, predictably, and freely.

Negotiations

The process by which two or more parties come together to discuss and reach a mutually beneficial agreement.

Lender of Last Resort

An institution, usually a central bank, that offers loans to banks or other eligible institutions that are in financial difficulty or are considered critical to the financial system.