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:

Leader

An individual who guides or influences others in a group or organization towards achieving a common goal or vision.

Organizational Leaders

Individuals within an organization who are responsible for setting strategic direction, inspiring and guiding the workforce.

Allocate Rewards

The process of distributing benefits, recognition, or compensation among members of an organization based on their performance, role, or achievements.

Encounter Stage

The phase in which an individual begins to understand and adapt to the values, norms, and required behaviors of an organization or group.