All of the Following Are Disadvantages of Fair Value Use

question 15

Multiple Choice

All of the following are disadvantages of fair value use except:

• A) fair values may not be readily obtainable.
• B) fair values may cause more fluctuations as change occurs from period to period.
• C) comparability between companies may be impacted by different fair value measurement.
• D) fair values can only be used on balance sheet accounts.

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Definitions:

Ergonomics

The study of relationships between physical attributes of workers and their work environment to reduce physical and mental strain and increase productivity and quality of work life.

Behavioural Characteristics

Traits or patterns in an individual's actions or reactions that help to define how they behave in various situations.

Work Systems

The structured methodology by which work tasks are organized and executed to achieve specific objectives within an organization.

Occupational Health and Safety Inspectors

Officials who assess workplaces to ensure they comply with government standards and regulations for worker safety and health.