The June 2005 Exposure Draft Issued in Relation to Proposed

question 1

Multiple Choice

The June 2005 Exposure Draft issued in relation to proposed changes to AASB 137:

• A) will be issued as a standard applicable for reporting periods ending on or after 1 June 2014
• B) has been withdrawn by the AASB
• C) is still under consideration by the AASB
• D) is already applicable

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Definitions:

Heuristic-Systematic Model

A dual-process theory of persuasion that suggests there are two ways people process information: through heuristics (quick, automatic thinking) and systematically (deep, thoughtful analysis).

Systematic Processing

A mode of thinking in which individuals take a more analytical and comprehensive path to evaluating information, as opposed to relying on general impressions.

Disconfirmation Bias

The tendency to notice, refute and regard as weak, arguments that contradict our prior beliefs.

Current Beliefs

Current beliefs refer to the opinions or convictions held by an individual at the present time.