According to AASB 12 Disclosure of Interests in Other Entities,an

question 41

Multiple Choice

According to AASB 12 Disclosure of Interests in Other Entities,an entity that has been designed so that voting or similar rights are not the dominant factor in deciding who controls the entity is known as a:

• A)controlling entity.
• B)structured entity.
• C)dominant entity.
• D)rights entity.

---

Definitions:

Aggregate Planning

A process by which a company determines ideal levels of capacity, production, subcontracting, inventory, and stockouts to meet demand over a specified timeframe, generally medium term.

Linear Programming

A mathematical technique used to achieve the best outcome (such as maximum profit or minimum cost) in a mathematical model whose requirements are represented by linear relationships.

Subcontracting

The practice of assigning or outsourcing parts of the contractual work to third parties, often to leverage specialized skills or achieve cost efficiencies.

Inventory

The goods or materials a business holds for the ultimate goal of resale or production.