For Internal Decision-Making Purposes,Geogh Corporation Identifies Its Industry Segments by Geographical

question 27

Essay

For internal decision-making purposes,Geogh Corporation identifies its industry segments by geographical area.For 2014,the total revenues of each segment are provided below.There are no intersegment revenues.
Required:
1.Which operating segments will be considered reporting segments based on the revenue test?
2.What is the test value for determining whether a sufficient number of segments are reported?
3.What will be the minimum number of segments that must be reported?

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Definitions:

Need for Power

The need for power is a psychological drive that motivates individuals to seek control or influence over others or their environment.

Homophily

The tendency of individuals to associate and bond with similar others, which can influence personal relationships, social networks, and information spread.

Group Size

A term referring to the number of individuals forming a social group, which can influence the group's dynamics, communication, and efficiency.

Leadership Position

A role or designation that entails guiding, influencing, or directing others towards the achievement of predefined objectives or goals.