In Accounting Terms,the Different Business Activities That the Firm Engages

question 54

Multiple Choice

In accounting terms,the different business activities that the firm engages in or the different geographic regions it does business in are referred to as

• A)operating activities.
• B)business segments.
• C)operating segments.
• D)operating divisions.

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Definitions:

English Rule

A legal principle stating that the losing party in a lawsuit must pay the winning party's legal costs.

Majority Rule

A decision-making rule in which the option that receives more than half of the votes is chosen.

Assignee

An individual or entity to whom rights or interests have been transferred by another, known as the assignor.

Assignment

The process of moving rights, ownership, or duties from one entity to another.