AASB 127 Identifies a Number of Factors That May Indicate

question 38

Multiple Choice

AASB 127 identifies a number of factors that may indicate the existence of control.These include:

• A) The ability to appoint the CEO of another entity.
• B) The power to dominate the composition of the board of directors or governing body of another entity.
• C) The power to require another entity to purchase goods and services from an entity that results in a benefit to the controlling entity.
• D) The ability to appoint the CEO of another entity and the power to dominate the composition of the board of directors or governing body of another entity.
• E) None of the given answers.

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Definitions:

Innate Factors

Natural, inborn elements or traits that influence an individual's development and characteristics from birth.

General Cognitive Processes

Fundamental mental activities involved in obtaining and processing knowledge, such as perception, memory, and problem-solving.

Biological Explanation

An explanation for behaviors, traits, or conditions based on biological factors, such as genetics, biochemical processes, or physiological mechanisms.

Language Acquisition Device

The Language Acquisition Device is a theoretical construct proposed by linguist Noam Chomsky, suggesting an innate mechanism or ability in the human brain that allows infants to acquire language.