Management May Be Concerned That Segment Reporting Will Put the Entity

question 67

True/False

Management may be concerned that segment reporting will put the entity at competitive disadvantage,so it has been suggested that it can avoid providing accurate segment reports through opportunistic interpretation of the definition of a business segment.

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Definitions:

Political Power

The ability or capacity to influence or control the behavior of people, institutions, or the course of events through authority, influence, or other means within a political context.

Deaths from War

The number of fatalities resulting from armed conflict, including both military personnel and civilians, during a specific time period.

Civilians

Individuals who are not members of the armed forces or the police; generally, the non-military population of a country.

Special Ops

Short for Special Operations, military actions conducted by specially designated, trained, and equipped units for specific and often confidential missions.