Which of the Following Factors Cannot Under AASB 121 Be

question 14

Multiple Choice

Which of the following factors cannot under AASB 121 be considered in selecting an entity's functional currency:

• A)the main currency influencing the selling price of its goods and services
• B)the main currency influencing its labour and material costs
• C)the currency of the main country whose competitive forces and regulation determine the selling price of its goods and services
• D)the preferences of the entity's senior management group

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Definitions:

Ostracized

describes the act of excluding or ignoring someone from a group or society.

Explorer

An individual who investigates or travels to unfamiliar areas in search of knowledge, adventure, or discoveries.

Tending-And-Befriending

A behavioral response to stress involving seeking social support and nurturing activities to alleviate stress.

Fight-Or-Flight

A physiological response to perceived harmful events, attacks, or threats to survival, instigating an automatic response in the nervous system to either confront the threat or escape.