Which Is an Assumption of Financial Information in the IFRS

question 20

Multiple Choice

Which is an assumption of financial information in the IFRS Framework?

• A)Accrual basis of accounting.
• B)Historical cost.
• C)Timeliness.
• D)Financial capital maintenance.

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Definitions:

Primary Reinforcer

A stimulus that satisfies a basic survival need and thus inherently reinforces and increases the likelihood of a behavior associated with it.

Secondary Reinforcer

A stimulus that becomes reinforcing through its association with a primary reinforcer, not inherently rewarding but has learned value.

Operant Conditioning

A pedagogical process that modifies the intensity of behavior with either encouragement or discipline.

Primary Reinforcer

A fundamental stimulus that satisfies basic survival needs and is naturally reinforcing, such as food or water.