Which of the Following Is Not a Characteristic of a Market

question 24

Multiple Choice

Which of the following is not a characteristic of a market participant under AASB 13?

• A) Buyers and sellers that are able to enter into a transaction for the asset or liability.
• B) Buyers and sellers that are willing to enter into a transaction for the asset or liability,
• C) Buyers and sellers that are dependent on each other.
• D) Buyers and sellers that are knowledgeable, having a reasonable understanding about the asset or liability and the transaction using all available information.

---

Definitions:

Incidental Damages

Expenses reasonably associated with or related to the breach of a contract, beyond the direct damage costs.

Psychosexual Stages

Freud's theory of childhood development that centers on the manifestations of the sexual instinct at different ages.

Defense Mechanisms

Devices the ego uses to keep threatening material out of awareness and thereby reduce or avoid anxiety.

Neurotic Anxiety

A form of anxiety resulting from an unconscious fear that the ego's control over unacceptable impulses of the id will fail, leading to punishment for inappropriate thoughts or behaviors.