________ Occurs When a Firm Invests in Different Types of Businesses

question 82

Multiple Choice

________ occurs when a firm invests in different types of businesses or products or when it expands geographically to reduce its dependence on a single market or technology.

• A)Domain selection
• B)Diversification
• C)Acquisition
• D)Divestiture
• E)Empowerment

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Definitions:

Assets And Equity

Refers to the components of a company's balance sheet: assets represent what the company owns, and equity represents the owner's claims against those assets.

Balance Sheet Impact

Represents the effect of transactions and events on the financial position of a business as shown in its balance sheet.

Perpetual FIFO

A perpetual inventory system that continuously updates inventory records, using the "First In, First Out" method to determine the cost of goods sold and inventory valuation.

Ending Inventory

The final value of goods available for sale at the end of an accounting period.