At Least 75% of an Organization's Consolidated External Revenues Are

question 1

Multiple Choice

At least 75% of an organization's consolidated external revenues are disclosed by separate operating segments. The remaining segments do not meet any of the reportable segment thresholds. Which of the following is true about the remaining segments?

• A)They must still be reported as separate segments.
• B)They can be combined only if they have similar economic characteristics.
• C)They can be combined only if the segments are horizontally or vertically integrated.
• D)They can be combined and classified as "other."

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Definitions:

Competitive Price-Taker

An enterprise that is unable to dictate the market price and thus must conform to the current market price for its offerings.

Monopoly

A market structure where a single supplier dominates the market, often leading to higher prices and less innovation due to lack of competition.

Profit-Maximizing Monopolist

A single seller in a market that determines the quantity of goods to produce and sell in order to achieve the highest possible profits.

Total Cost Schedules

A tabulation or curve that shows the total cost incurred by a firm at each level of output produced.