Under Accounting Standard AASB 8 Operating Segments,segments Are Delineated on the Basis

question 26

Multiple Choice

Under Accounting Standard AASB 8 Operating Segments,segments are delineated on the basis of:

• A) industries of operation.
• B) differences in risk and return.
• C) the internal management and reporting structure.
• D) none of the above.

---

Definitions:

Price of a Resource

The amount of money required to obtain a specific resource, encompassing goods, services, or commodities.

Quantity Demanded

The aggregate quantity of a product or service that buyers are ready and capable of buying at a particular price point.

Producers

Entities or individuals that create goods or provide services for sale in the market.

Factor of Production

Refers to the resources used in the creation of goods and services, which typically include land, labor, capital, and entrepreneurship.