Which of the Following Is NOT a Reason as to Why

question 28

Multiple Choice

Which of the following is NOT a reason as to why the IASC felt that agriculture was an industry that needed its own industry specific standard?

• A) the specific exclusion of assets related to agricultural activity from other standards
• B) agriculture was considered to be an emerging industry at that time
• C) accounting guidelines for agricultural activity previously developed by national standard setters had been piecemeal
• D) the nature of agricultural activity had created uncertainty or conflicts when applying traditional accounting models

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Definitions:

Distributive Bargaining

A negotiation strategy in which parties seek to divide a fixed amount of resources, often resulting in a win-lose outcome.

Attitudinal Structuring

The process by which labor negotiations and management strategies aim to influence the attitudes and perceptions of the other party or the workforce.

Settlement Range

The range within which an agreement is acceptable to both parties involved in a negotiation, often determined by their respective needs and interests.

Resistance Point

The least favorable outcome that a party in a negotiation is willing to accept before walking away from a deal.