A Business Combination Is Defined in AASB 3 as a Transaction

question 26

Multiple Choice

A business combination is defined in AASB 3 as a transaction:

• A)in which an acquiree obtains control of one or more businesses.
• B)in which one entity obtains significant influence over one or more other entities.
• C)or other event in which an acquirer obtains control of one or more businesses.
• D)or other event in which an entity obtains control of one or more businesses.

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Definitions:

Organizational Commitment

The psychological attachment and loyalty an employee has towards their organization, often reflected in their willingness to remain a member.

Emotions

Are complex psychological states that involve physiological, behavioral, and cognitive reactions to stimuli or situations.

Performance

The level of achievement or execution of a task, measured against pre-set standards or goals.

Personality Differences

Variations in individual behaviors, emotions, motivations, and thought processes that make each person unique.