The Profitability Information That Should Be Reported for Each Reportable

question 4

Multiple Choice

The profitability information that should be reported for each reportable segment of a business enterprise consists of

• A)An operating profit-or-loss figure consisting of segment revenues less traceable costs and allocated common costs
• B)An operating profit-or-loss figure consisting of segment revenues less traceable costs but not allocated common costs
• C)An operating profit-or-loss figure consisting of segment revenues less allocated common costs but not traceable costs
• D)Segment revenues only

---

Definitions:

Commission

A fee paid to an agent or employee for facilitating a sale or transaction.

Demand-oriented

A strategy or approach focused on meeting the needs and desires of consumers to drive product development and marketing efforts.

Expected Customer Tastes

Anticipations or predictions about the preferences and desires of customers in relation to products or services in the future.

Price Level

Denotes the average of current prices across the entire spectrum of goods and services produced in the economy.