Compared to AASB 114 Segment Reporting, AASB 8/IFRS 8 Operating

question 2

Multiple Choice

Compared to AASB 114 Segment Reporting, AASB 8/IFRS 8 Operating Segments can be described as being:

• A) more closely aligned to other accounting standards.
• B) preferred in the European Union to its predecessor.
• C) less prescriptive.
• D) less onerous in terms of disclosure.

---

Definitions:

Low-ball Technique

A persuasion strategy in which an initial, attractive offer is made, followed by the revelation of additional costs or downsides.

Bait-and-switch Technique

A deceptive marketing strategy where customers are lured by the promise of one product or service, only to be pressured into purchasing a more expensive substitute.

Informational Influence

Definition: A form of social influence where an individual conforms to the behavior of others because they believe the group may have more accurate information.

Normative Influence

Going along with the crowd in order to be liked and accepted.