A Theory Is an Organized Set of Principles That ______

question 435

Multiple Choice

A theory is an organized set of principles that ______ observations and ______ events.

• A) questions; surveys
• B) replicates; controls
• C) organizes; predicts
• D) randomly samples; randomly assigns

Recognize the valuation techniques prescribed by AASB 13.

Identify and differentiate between Level 1, 2, and 3 inputs.

Understand the principles guiding the determination of the fair value.

Know the definition of the principal market and its significance in fair value measurement.