In Accordance with AASB 8 an Operating Segment Is a Component

question 44

Multiple Choice

In accordance with AASB 8 an operating segment is a component of an entity:

• A) that engages in business activities from which it may earn revenues and incur expenses.
• B) whose operating results are regularly reviewed by the entity's chief operating decision maker to make decisions about resources to be allocated to the segment and asses its performance.
• C) for which discrete financial information is available.
• D) All of the given answers are correct.

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Definitions:

Situational Causes

Attributes the reasons for behavior or events to external factors in the environment or specific situations.

External Causes

Factors outside an individual's control that influence events, outcomes, or behaviors, such as environmental conditions or other people's actions.

Low-status Employees

Workers within an organization who hold positions that are considered lower in rank, power, or social standing.

High-status Employees

Individuals within an organization who hold positions of high rank or esteem and typically possess significant influence or authority.