What Is Really Needed to Measure a Segment's Performance Is

question 175

Multiple Choice

What is really needed to measure a segment's performance is an income statement that highlights

• A)Variable versus fixed costs.
• B)Product versus period costs.
• C)All the elements under the segment manager's control.
• D)None of these answer choices are correct.

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Definitions:

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choosing to undertake one action over another.

Computer

An electronic device capable of performing calculations and tasks according to a set of instructions called programs.

Roses

Flowers known for their beauty and fragrance, extensively used in gardens and as symbols of love and remembrance.

Absolute Advantage

The ability of an entity to produce a good or service more efficiently than its competitors with the same amount of resources.