AASB 8 Requires

question 72

Multiple Choice

AASB 8 requires:

• A) the segments to be identified as business segments or geographical segments.
• B) the amount reported for each operating segment item to be the measure reported to the chief operating decision maker.
• C) the reporting entity to determine its primary reporting format.
• D) the segments to be based on the location of assets or location of customers.

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Definitions:

Distribution Games

Activities or exercises that simulate the allocation of resources or rewards among participants to study decision-making and fairness.

Money Equally

The principle or practice of distributing financial resources or wealth among all participants in a fair and equal manner.

Arousal

A physiological and psychological state of being awake or reactive to stimuli, often associated with increased heart rate, alertness, and readiness to respond.

Narcissism

A personality trait characterized by an inflated sense of self-importance, a need for excessive attention and admiration, and a lack of empathy for others.