Under IFRS, a Discontinued Operation Must Be A

question 19

Multiple Choice

Under IFRS, a discontinued operation must be a:

• A) Product line.
• B) Geographic segment.
• C) Product line or Geographic segment.
• D) Cash Generating Unit (CGU).

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Definitions:

Quantity-fixing Agreements

involve deals or arrangements between competing businesses to restrict output levels, aiming to influence market prices or conditions.

Price-leadership Model

A market strategy where one dominating firm sets the price for its product, and other firms in the industry follow suit, often observed in oligopolistic markets.

Dominant Firm

A company that has a large portion of market share in its industry, giving it significant power to influence market conditions and prices.

Economic Incentives

Monetary or other rewards used to motivate individuals or entities to perform certain actions beneficial to economic objectives.