Which of the following is not necessarily true for an operating segment?
A) an operating segment earns revenues and incurs expenses
B) the chief operating decision maker regularly reviews an operating segment to assess performance and make resource allocation decisions
C) Discrete financial information generated by the internal accounting system is available for an operating segment.
D) an operating segment regularly generates a profit from its normal ongoing operations
Answer: D) an operating segment regularly generates a profit from its normal ongoing operations
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In performing a vertical analysis, the base for cost of goods sold is
a. total selling expenses. b. net sales. c. total revenues. d. total expenses.
The process of developing new technologies that may make current products obsolete and may even alienate customers is known as:
a. competence killing. b. unlearning. c. competence exploration. d. creative destruction. e. technological orientation.