The Blaxland Ltd Filed a Lawsuit Against D-Mart Machineries for Failure

question 23

Multiple Choice

The Blaxland Ltd filed a lawsuit against D-Mart Machineries for failure to comply with the specifications of the factory equipment that they ordered and received.The solicitors for Blaxland Ltd strongly believe that the company will receive $50 000 to $100 000 if they win the case.Which action is consistent with the Framework?

• A) Blaxland Ltd should recognise a receivable of $75 000, the expected value of the gain.
• B) Blaxland Ltd should recognise a receivable of $50 000, a conservative estimate of the gain.
• C) Blaxland Ltd should not recognise the receivable until it is probable that they have won the case.
• D) Blaxland Ltd should not recognise the receivable because while the solicitor is expecting to win the case, the receivable cannot be estimated reliably.

Grasp the significance of demographic shifts and their impact on marketing strategies.

Explain consumer confidence and its importance in economic conditions.

Understand the sociocultural changes affecting consumer behavior and marketing strategies.

Distinguish between different types of consumer incomes and their relevance to marketing.

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Definitions:

External-Stable Attribution

The process of attributing an event or outcome to factors outside the individual that are consistent and unchanging over time.

Internal-Unstable Attribution

An explanation for behavior emphasizing internal but changeable factors, such as mood or effort.

Lecturer

A person who gives talks or speeches on specific subjects, often in an academic or educational setting.

Cognitive Miser

A model of social cognition that characterises people as using the least complex and demanding cognitions that are able to produce generally adaptive behaviours.