When Does Myopic Behaviour Occur

question 116

Multiple Choice

When does myopic behaviour occur?

• A)when actions improve budgetary performance in the shortrun but are harmful in the long run
• B)when there is uncertainty
• C)when there is focus on immediate costs
• D)when actions improve budgetary performance in the distant time horizon

---

Definitions:

Loss Of Control

Refers to a situation where an entity or individual no longer has the ability to govern or manage the operations or decisions of a company or asset.

Financial Statements

Financial statements are written records that convey the business activities and the financial performance of a company, including the balance sheet, income statement, and cash flow statement.

Fair Value

A measure of the price at which an asset or liability could be exchanged in a current transaction between willing parties.

IASB

The International Accounting Standards Board, an independent body that develops and approves International Financial Reporting Standards (IFRS).