What Type of Goods Includes Raw Materials and Integrated Circuits

question 211

Multiple Choice

What type of goods includes raw materials and integrated circuits?

• A) Substitute products
• B) Industrial goods
• C) Consumer goods
• D) Marketing goods
• E) Disposable goods

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Definitions:

Prescriptive

An approach or method that provides specific instructions, rules, or recommendations to achieve a particular outcome.

Disclosure

The act of making new or important information known, especially about financial operations or conditions.

AASB 114

Australian Accounting Standards Board ruling 114, which sets guidelines for segment reporting by financial entities.

AASB 8/IFRS 8

Operating Segments, a standard that requires entities to disclose information about their operating segments, products, services, and geographical areas.