Conceptual Frameworks Issued by the IASB Apply Only To

question 4

Multiple Choice

Conceptual frameworks issued by the IASB apply only to:

• A)both non-profit and for-profit entities.
• B)non-profit entities.
• C)for‐profit entities.
• D)public sector entities.

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Definitions:

Non-Disclosure Agreement

A legal contract establishing a confidential relationship, wherein parties agree not to disclose certain information.

Copyright Act

Legislation that protects the rights of creators by granting them exclusive rights to use, distribute, and reproduce their works for a certain period.

Confidential Information

Sensitive information that is not publicly available and is protected by law or contract to prevent unauthorized disclosure.

App Development

App development is the process of creating software applications for devices, particularly mobile phones and tablets, involving design, programming, testing, and deployment.