When an Income Statement Shows Data for Segments of the Organization

question 38

Multiple Choice

When an income statement shows data for segments of the organization, and data for each segment are added together to get totals for the whole organization:

• A)all expenses should be allocated to the segments.
• B)common fixed expenses should be allocated to the segments.
• C)only direct revenues and direct expenses should be assigned to segments.
• D)direct fixed expenses should be subtracted as one amount in the "total" column.

Discern between application software and system software.

Understand the basics of computer memory and processing.

Recognize the capabilities and uses of different computing devices.

Distinguish between the concepts of data and information.

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Definitions:

Mean

The average value of a set of numbers, calculated by dividing the sum of the numbers by the count of numbers.

Risk Management

The process of identifying, assessing, and prioritizing risks followed by the application of resources to minimize, control, or eliminate them.

Potential Project Risks

Identified factors that may negatively affect the success or progression of a project.

Risk Mitigation

The process of identifying, analyzing, and taking steps to reduce or eliminate the risks associated with an activity or project.