Short-Term Employee Benefits Are Defined in AASB 119 As

question 56

Multiple Choice

Short-term employee benefits are defined in AASB 119 as:

• A) Benefits that are paid to employees while they are employed by the company making the payment.
• B) All payments made to an employee within 12 months of the date the employee rendered the service.
• C) The undiscounted value of wages, salaries and social security contributions to which the employer is presently obliged.
• D) Benefits that are paid to employees while they are employed by the company making the payment and the undiscounted value of wages, salaries and social security contributions to which the employer is presently obliged.
• E) Employee benefits that are wholly due within 12 months after the end of the period in which the employee rendered the related service.

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Definitions:

Goal-Oriented

Focused on setting and achieving specific objectives or targets, often within a defined timeline or set of conditions.

Drive Theory

A psychological theory that attributes motivation to be the result of biological or physiological needs that drive behavior towards satisfying those needs.

Expectancy Theory

A motivation theory that explains how individuals choose behaviors, predicting that people will choose the behavior that entails the most desirable outcomes to them.

Self-Interest Theory

A theory suggesting that human actions are motivated by personal gain, positing that individuals are primarily driven by self-serving interests even in decisions that appear altruistic.