Which One of the Following Factors Is Not an Inherent

question 87

Multiple Choice

Which one of the following factors is not an inherent risk associated with long-lived assets?

• A)Obsolescence of assets.
• B)Impairment of assets.
• C)Incomplete recording of disposals.
• D)Lack of physical controls over the long-lived assets.

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Definitions:

Dual Processing

The principle that our mind operates on two levels simultaneously, conscious and unconscious processing.

Unconscious Inferences

Unconscious inferences are judgements or decisions made without conscious awareness, often based on prior experiences and knowledge.

Visual Distraction

Anything in the visual field that can divert attention away from the intended focus.

Chatting Passengers

Individuals engaged in conversation while traveling in a vehicle, potentially affecting the driver's focus or contributing to the social atmosphere of the journey.