In AASB 8 "Operating Segments",which of the Following Is Not

question 53

Multiple Choice

In AASB 8 "Operating Segments",which of the following is not a consideration in determining the operating segments of an entity?

• A) Business activities from which an entity may earn revenues and incur expenses;
• B) Component of an entity whose operating results are regularly reviewed by the entity's chief operating decision maker;
• C) The entity's distribution and supply chain management system;
• D) Component of an entity where discrete financial information is available;
• E) None of the given answers.

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Definitions:

Private Good

A product or service that is consumed by one individual without providing benefit to others and is subject to exclusion and rivalry.

Fish Fillet

A piece of fish that has been cut or sliced away from the bone, often prepared as a food item.

Excludable

A property of a good or service whereby it is possible to prevent people from using it if they have not paid for it or met specific conditions.

Club Good

A type of good that is excludable but non-rivalrous, meaning people can be prevented from using it, but one person's use does not diminish availability for others.