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ASC 280,Disclosure about Segments of an Enterprise and Related Information,has taken what has been referred to as a "management approach" to the definition of a segment and the allocation of costs to a segment.
Required:
a)What is meant by a management approach? How does this concept of a management approach impact the decision to disclose information?
b)How are decisions about cost allocation handled in segment disclosures?
Competence
The ability to do something successfully or efficiently, often referring to a specific skill set or knowledge area.
Self-determination
The right or ability of individuals or groups to make their own choices and control their own lives.
Job Characteristics Model
Five core dimensions of jobs: skill variety, task identity, task significance, autonomy, and feedback
Skill Variety
The degree to which a job requires a range of different skills and talents to perform tasks effectively.
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