Which of the Following Is Not a Requirement for a Business

question 50

Multiple Choice

Which of the following is not a requirement for a business component to be considered an Operating Segment under current Canadian GAAP?

• A) Discrete financial information must be available.
• B) Operating results are regularly reviewed by the enterprise's Chief Operating Decision Maker to make decisions about resources to be allocated to the segment and assess its performance.
• C) The reportable income or loss must be at least 10% of the combined profit or loss for the combined entity.
• D) It engages in business activities from which it may earn revenues and incur expenses.

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Definitions:

Self-care Knowledge

Understanding and awareness about practices and activities that individuals can do on their own to maintain personal health, wellness, and well-being.

Explicit Knowledge

Knowledge that is easily articulated, codified, accessed, and verbalized, often in the form of documents or stored data.

Client's Situation

A comprehensive assessment of an individual's current circumstances, needs, and challenges, typically used in healthcare, social work, or counseling contexts.

Assessment

The systematic process of gathering and interpreting information to make informed decisions or appraise a situation, often used in healthcare to evaluate patient needs.