Figure 4-15 -Refer to Figure 4-15.Which of the Following Would Cause the Would

question 15

Multiple Choice

Figure 4-15
-Refer to Figure 4-15.Which of the following would cause the supply curve to shift from Supply A to Supply C in the market for sail boats?

• A)an increase in the price of sailboats
• B)a decrease in the number of firms selling sailboats
• C)a decrease in the price of fiberglass and sail cloth
• D)a decrease in the price of America's Cup sailing t-shirts

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Definitions:

Reportable Segment

An operating segment of a business that requires separate disclosure in the company's financial reporting due to its significant size, profitability, or importance.

Operating Segments

Components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker in deciding how to allocate resources.

Profit or Loss Test

The profit or loss test is a method used to determine if a business activity or transaction is able to generate a profit or results in a loss.

Operating Segments

Business units of a corporation that generate revenues and incur expenses, and for which separate financial information is available and evaluated regularly by the chief decision maker.