An Operating Segment Is a Reportable Segment If

question 22

Multiple Choice

An operating segment is a reportable segment if

• A)its operating profit is 10% or more of the combined operating profit of profitable segments.
• B)its operating loss is 10% or more of the combined operating losses of segments that incurred an operating loss.
• C)the absolute amount of its operating profit or loss is 10% or more of the company's combined operating profit or loss.
• D)none of these.

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Definitions:

High Levels

Typically refers to positions, measurements, or statuses that are above average or superior in comparison to a standard or norm.

Best Teams

Refers to groups of individuals who achieve high levels of performance and success by effectively collaborating, communicating, and focusing on common goals.

Team Performance

The measure of how well a group of individuals working together achieves their goals and objectives.

Positive Contributions

Beneficial acts or inputs provided by an individual or group that help achieve a goal, enhance productivity, or improve welfare.