The Fair Value Hierarchy Prioritises Inputs into How Many Levels

question 33

Multiple Choice

The fair value hierarchy prioritises inputs into how many levels?

• A)One level
• B)Two levels
• C)Three levels
• D)Four levels

---

Definitions:

Foundation Brakes

The main components of a vehicle's brake system directly responsible for slowing or stopping the vehicle, including elements like the brake pads, rotors, and drums.

Heavy Truck

A classification of large vehicles used for hauling heavy loads, often exceeding a certain weight threshold and requiring special licensing to operate.

Trailer Service Brakes

Trailer service brakes are the primary braking system on a trailer, designed to be activated by the driver to slow down or stop the trailer during transport.

Treadle Valve

A type of foot-operated valve used in pneumatic systems of vehicles, especially for controlling the air pressure to brakes.