Which of the Following Statements Is Not Correct

question 4

Multiple Choice

Which of the following statements is not correct?

• A)Control is the power to govern the operating policies of an entity so as to obtain benefits from its activities (AASB 3)
• B)Control that is joint control does not satisfy the definition of control under AASB accounting standards in respect of group formation
• C)It is possible to control another company by means of economic pressure alone
• D)Control could be obtained over a public listed company by obtaining 20 per cent of its voting shares.

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Definitions:

IT Architecture

The organizational design of an information technology system, defined by its hardware, software, and network resources, to effectively support the goals of the business.

Long-Range Goals

Objectives or targets that an individual, group, or organization aims to achieve over an extended period, usually several years or more.

Objectives

Defined goals or targets that an individual, group, or organization aims to achieve within a specific timeframe.

IS Function

Pertains to the activities and responsibilities of the Information Systems department within an organization, including managing data, technology, and support.