AASB 138 Prohibits Recognising as Intangible Assets All Internally Generated

question 7

Multiple Choice

AASB 138 prohibits recognising as intangible assets all internally generated:

• A) costs of patents
• B) brand names costs
• C) trademark costs
• D) all of the above

Recognize the different views and models of CSR, including the classical, socio-economic, and shared value views.

Identify the components of the triple bottom line in assessing organizational performance.

Explain the role and perception of whistleblowers in promoting ethical behavior within organizations.

Differentiate between economic, legal, ethical, and discretionary responsibilities of organizations.

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Definitions:

Louis Brandeis

An influential American lawyer and Associate Justice on the Supreme Court of the United States from 1916 to 1939, known for his advocacy of privacy rights and progressive policies.

Labor Unions

Organizations formed by workers from related sectors to work collectively for common goals such as better wages, working conditions, and benefits.

Socialist Party

A political party advocating for socialism, which emphasizes the community or state ownership and administration of the means of production and distribution of goods.

National Health Insurance

A governmental scheme designed to ensure that all residents of a country receive medical services and health care coverage, sometimes funded through taxes.