Under IAS 41/AASB 141 the Basis for Measuring Biological Assets

question 35

Multiple Choice

Under IAS 41/AASB 141 the basis for measuring biological assets is:

• A) replacement value.
• B) fair value less costs to sell.
• C) historical cost less costs to sell.
• D) estimated market value less costs to sell.

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Definitions:

Psychological Investment

Psychological investment is the emotional or cognitive energy that an individual allocates to a job, project, or relationship.

Specific

Clearly defined or identified; precise and not vague, ensuring that there is no ambiguity.

Performance Management

The heart and essence of leadership success; the process of performance planning, establishing direction and clarity of assignment; performance coaching, developing and encouraging others; and correcting poor performance, modifying and improving performance when mistakes are made.

Performance Planning

The process of setting objectives and expectations for employees, which serves as a foundation for measuring performance and guiding development activities.