A Business Segment Is Part of a Company That

question 48

Multiple Choice

A business segment is part of a company that:

• A)Requires only internal reporting.
• B)Is separately identified by its products,services,or geographic market.
• C)Requires special journals.
• D)Requires subsidiary ledgers.
• E)Cannot report its results separately.

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Definitions:

Society

A structured community of people bound together by similar traditions, institutions, or nationality.

Logrolling

The trading of votes by legislators to secure favorable outcomes on decisions concerning the provision of public goods and quasi-public goods.

Diminish

To decrease or make smaller in size, importance, or intensity.

Excludability

The characteristic displayed by those goods and services for which sellers are able to prevent nonbuyers from obtaining benefits.