Segment Reporting Results in Disaggregated Financial Data

question 44

Multiple Choice

Segment reporting results in disaggregated financial data.This can be important to the readers of financial statements because it defines the

• A)risk of investing in this company.
• B)nature of the economies in which the company operates.
• C)major customers of the company.
• D)products sold by the company.

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Definitions:

Differentiation Strategy

A strategy that offers products that are different from the competition.

Competitive Advantage

The unique attributes or combination of attributes that allow an organization to outperform its rivals and achieve superior profitability.

Barriers To Entry

Obstacles or challenges that make it difficult for new competitors to enter a market or industry.

Financial Resources

Refers to the funds that are available to a business, organization, or individual for spending in order to achieve their goals.