The Following Items Are Not Deemed to Be Items That

question 2

Multiple Choice

The following items are not deemed to be items that would meet the definition of an intangible asset under AASB 3:

• A)trademarks
• B)experienced marketing team
• C)newspaper mastheads
• D)order backlogs.

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Definitions:

Diminishing Marginal Utility

The principle that says additional units of a good or service provide less added satisfaction than previous units.

Risk-Averse

describes an individual or entity that prefers to minimize risk, choosing options that are deemed safer or involve less uncertainty.

Insurance Premiums

Payments made to an insurance company in exchange for coverage against specified risks over a period.

Demanders Of Insurance

Individuals or entities that seek to protect themselves against financial losses by buying insurance policies.