A Group Is Said to Be a Vested Interest Group

question 29

Multiple Choice

A group is said to be a vested interest group if it ________.

• A)encourages social reforms that would change its current position
• B)advocates policies that are supported by a majority of people
• C)benefits from existing policies,practices,and social arrangements
• D)succeeds in achieving its goals and policy changes

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Definitions:

Operating Segment

A component of a company that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses related to transactions with other components of the same company.

Consolidated Assets

The total assets of a parent company and its subsidiaries, combined into one financial statement as if they were a single entity.

Asset Test

A measure of a company's liquidity, calculated by comparing its most liquid assets to its current liabilities.

Operating Segments

Components of an enterprise that engage in business activities from which it may earn revenues and incur expenses, whose operating results are reviewed regularly by the enterprise's chief operating decision maker.