Which of the Following Statements Is True of the Idea

question 10

Multiple Choice

Which of the following statements is true of the idea of public policy?

• A) A court's view of public policy is determined by what the court believes is in the best interests of society.
• B) Public policy is not affected by any social or economic change.
• C) Courts have limited discretion in ruling on questions of public policy.
• D) The discretion of courts provide the legal system less flexibility that ensures a strict adherence to policies.

---

Definitions:

AASB 16

An accounting standard issued by the Australian Accounting Standards Board specifying the principles for recognition, measurement, presentation, and disclosure of leases.

IFRS 16

The International Financial Reporting Standard issued by the IASB which specifies how an IFRS reporter will recognize, measure, present, and disclose leases.

AASB 16

An accounting standard issued by the Australian Accounting Standards Board that specifies the principles for the recognition, measurement, presentation, and disclosure of leases.

IFRS 16

International Financial Reporting Standard that specifies how leases are recognized, measured, presented, and disclosed in financial statements.