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AASB 2 Lists a Number of Factors That Need to Be

question 46

Multiple Choice

AASB 2 lists a number of factors that need to be considered when valuing an executive share option.They include:


Definitions:

Trade Secret

Any information that provides a business with a competitive advantage but isn’t shared openly.

Competitive Advantage

The attributes that allow an organization to outperform its competitors, such as superior products, processes, or technology.

Intellectual Property

A category of property that includes intangible creations of the human intellect, such as inventions, literary and artistic works, designs, and symbols, names, and images used in commerce.

Copyright

A legal right granted to creators for the protection of their original works from unauthorized use or distribution.

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