A business segment:
A) Requires only internal reporting.
B) Is a part of a company that is separately identified by its products, services, or geographic market.
C) Requires special journals.
D) Requires subsidiary ledgers.
E) Cannot report its results separately.

Question

Quizplus · Accepted Answer

A business segment is a part of a company that is separately identified by its products, services, or geographic market. It is often used for external reporting purposes to provide more detailed information about a company's performance. The other options (A, C, D, and E) are not accurate descriptions of what a business segment is or requires.

A Business Segment