Scenario 22-1 At Issue in a Particular City Vote Is How Much

question 277

Multiple Choice

Scenario 22-1
At issue in a particular city vote is how much to spend, per person, on road repair next year. Among the 10,000 voters, 1,500 prefer to spend $300 per person, but no more; 2,800 prefer to spend $450 per person, but no more; 3,500 prefer to spend $800 per person, but no more; and 2,200 prefer to spend $1500 per person, but no more.
-Refer to Scenario 22-1.If there is a vote on whether to spend $600 per person or $800 per person,the median voter will vote to spend

• A) $600 per person and the voting outcome will be $600 per person.
• B) $600 per person and the voting outcome will be $800 per person.
• C) $800 per person and the voting outcome will be $600 per person.
• D) $800 per person and the voting outcome will be $800 per person.

Recognize the necessity for annual impairment tests on specific asset categories.

Master the calculation of value in use for a cash-generating unit.

Comprehend the disclosure requirements as per AASB 136 Impairment of Assets.

Understand the principles and methods of measuring the value of intangible assets.

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Definitions:

Sophisticated Analytics

Advanced techniques and technologies used to examine data or content to discover deeper insights, make predictions, or generate recommendations.

Evidence-Based Management

Translating principles based on the best scientific evidence into organizational practices. Making decisions through the conscientious, explicit, and judicious use of the best available evidence from multiple sources.

Conscientious

Characterized by a high level of care, diligence, and a desire to do a task well, often associated with a strong sense of duty and responsibility.

Explicit

Clearly expressed or fully revealed in the form of details, leaving no room for confusion or doubt.