AASB 13 Fair Value Measurement Defines Fair Value As

question 35

Multiple Choice

AASB 13 Fair Value Measurement defines fair value as:

• A)the amount for which an asset could be exchanged,or a liability settled,between knowledgeable,willing parties in an arm's length transaction.
• B)the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
• C)the price that would be received to sell an asset or paid to transfer a liability.
• D)a transaction that assumes exposure to the market for a period before the measurement date to allow for marketing activities that are usual and customary for transactions involving such assets or liabilities; it is not a forced transaction (e.g.a forced liquidation or distress sale).

Appreciate the accessibility of career information sources in multiple languages to cater to diverse populations.

Understand the functionality of the Standard Occupational Classification System in career exploration.

Acknowledge the additional features of O*Net catering to specific populations, such as veterans.

Identify the influence of media and societal trends on career interests and educational choices.

---

Definitions:

Maslow's Needs

A hierarchy developed by Abraham Maslow that categorizes human needs into five levels, from basic physiological needs to self-actualization, influencing motivation and behavior.

Affiliation

is a connection or association with a group or organization, often based on shared interests or objectives.

Belongingness

The human need to be an accepted member of a group.

Relatedness Needs

According to Self-Determination Theory, these are essential psychological needs involving connecting with others through caring and meaningful relationships.