IFRS 8 Requires the Disclosure of Certain Key Information Such

question 4

Multiple Choice

IFRS 8 requires the disclosure of certain key information such as an organization's major customers and geographic areas of operations. Why are these disclosures required?

• A)To demonstrate that the chief operating decision-maker has made prudent decisions
• B)To allow users to assess potential business risks
• C)To provide sufficient information to creditors
• D)To allow users to see that the poor performance of one segment is usually offset by the good performance of other segments

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Definitions:

Psychologist

A professional trained in the science of how people think, feel, behave, and interact with others, often providing therapy and counseling services.

Emotionally Disturbed

A classification that refers to individuals displaying extreme behavioral or emotional responses not typical for their age, impacting their social and educational functioning.

Case Studies

Case studies are in-depth investigations of a single person, group, event, or community, often used in psychology to explore complex issues in real-life contexts.

Predispositions

Natural inclinations or tendencies to behave in a certain way, often determined by genetic, environmental, or psychological factors.