Leonard Walked to the Podium,made Direct Eye Contact with the Audience,then

question 24

Multiple Choice

Leonard walked to the podium,made direct eye contact with the audience,then asked the audience: "Have you ever wondered what a hot dog is made of? Do you really want to know?" What introductory device was Leonard using?

• A)opening with a startling facts
• B)asking rhetorical questions
• C)establishing his credibility
• D)using personal references

Recognize when additional segments must be disclosed to meet the 75 percent external revenue threshold.

Understand the considerations for identifying operating segments based on internal reporting structures.

Identify which operating segments are reportable under various tests such as the asset test, revenue test, and profit or loss test.

Understand the requirements for disclosing information about each operating segment.

---

Definitions:

Antitrust Law

Legislation intended to promote competition and protect consumers from monopolistic practices, merger, and acquisition strategies that limit market competition.

Conglomerate Mergers

The combination of two or more corporations engaging in entirely different businesses into a single corporate structure, typically to diversify business interests and investments.

Rapidly Changing Technology

Refers to the swift evolution and innovation in technology that impacts industries, markets, and society at large.

Natural Monopoly

A market in which a single firm can provide a good or service at a lower cost than any potential competitor, due to economies of scale.