The Lack of a Direct Link Between Levels of Ownership

question 62

Multiple Choice

The lack of a direct link between levels of ownership and control (i.e.,the degree of ownership does not,of itself,determine if an entity has control of another) :

• A) is consistent with the AASB Framework's definition of assets, which relies on control and not legal ownership.
• B) is consistent with the AASB Framework's definition of assets, which relies on legal ownership and not control.
• C) is consistent with the AASB Framework's definition of equity, which recognises investments in other entities.
• D) is consistent with the AASB Framework's definition of equity, which relies on control and not legal ownership.
• E) is consistent with the AASB Framework's definition of assets, which identifies share ownership as being unimportant.

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Definitions:

Social Conscious

An awareness of the problems and injustices within society and the motivation to take action to address them.

Respondent Conditioning

A learning process in which a biologically potent stimulus becomes associated with a previously neutral stimulus.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Niche Breadth

Refers to the range or diversity of resources or habitats that an organism or species utilizes in its environment.