A Company That Has Identified an Employee with Future Managerial

question 29

True/False

A company that has identified an employee with future managerial potential and consequently sends that employee to a three-week university-sponsored program to help develop her leadership skills is an example of development.

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Definitions:

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.

Reportable

Information or events significant enough to be disclosed in financial statements or to regulatory bodies.

Operating Segment

A component of a company that engages in business activities from which it may earn revenues and incur expenses, including revenues and expenses related to transactions with other components of the same company.