An Operating Segment Is a Reportable Segment If It

question 40

Multiple Choice

An operating segment is a reportable segment if it

• A)satisfies the revenue test, profit test, and asset test
• B)satisfies the revenue test, profit test, or asset test
• C)operates predominately within a single industry
• D)satisfies the net income test

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Definitions:

Craft Unions

Labor unions that represent workers in specific trades or crafts, advocating for their rights, wages, and working conditions.

Blue Collar

Referring to workers who engage in manual labor, often in industries such as manufacturing, construction, and maintenance.

Reforming Capitalism

The process or act of making changes to the capitalist system to address issues such as inequality, market failures, and environmental concerns, promoting a more equitable society.

Strikes and Boycotts

Collective actions undertaken by workers (strikes) or consumers (boycotts) to pressure employers or businesses to change policies or practices.