IFRS 11, Provides That Joint Control Exists Where

question 21

Multiple Choice

IFRS 11, provides that joint control exists where:

• A) no single party is in a position to control the activity unilaterally;
• B) the decisions in areas essential to the goals of the joint arrangement do not require the consent of the parties;
• C) no one party may be appointed as the manager of the joint arrangement;
• D) one party alone has power to control the strategic operating decisions of the joint arrangement.

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Definitions:

Food Desert

A community in which the residents have little or no access to fresh, affordable, healthy foods, usually located in densely populated urban areas.

Grocery Store

A retail establishment that sells food and other household goods.

Liquor

Alcoholic beverages that are distilled rather than fermented, resulting in a higher alcohol content.

Food Desert

Areas with limited access to affordable and nutritious food, often found in urban and rural low-income neighborhoods.