If You Were Surfing the Web and Actively Searching for Information

question 83

Multiple Choice

If you were surfing the Web and actively searching for information for your next research paper, what type of technology would you be using?

• A) M-commerce
• B) Internet search and detect
• C) Exploratory
• D) Pull

Understand the classification and accounting treatment of finance leases vs. operating leases.

Appreciate the significance of fair value measurement at the inception of a lease.

Learn the disclosure requirements for lessees and lessors under AASB 16/IFRS 16.

Understand the fiduciary and suitability standards in investment advisory.

---

Definitions:

Assignment of Rights

The transfer of rights or interests in a contract or property from one party to another.

Breach of Contract

An act of failing to fulfill the terms and conditions as agreed upon in a contract, leading to legal action for redress.

Agent

One who acts under the direction of a principal for the principal’s benefit in a legal relationship known as agency. See also principal.

Gratuitous Assignment

A transfer of rights or property done freely without the expectation of receiving something in return.