Final answer:
ASC 280 defines segments using a management approach, where the focus is on how a company's management views its parts for decision-making. The store manager is employing a Cluster survey design by randomly selecting entire departments and interviewing all members within those clusters. So, the correct option is D) Management
Step-by-step explanation:
ASC 280 uses a management approach to the definition of segments. Out of the options provided - Industry, Geographic, Functional, and Management - the correct approach according to ASC 280 is Management.
This approach aligns with how a company's management organizes segments for making operating decisions and assessing performance.
Now, answering the survey design question:
The manager of a department store who decides to measure employee satisfaction by selecting four departments at random and interviewing all the employees in those departments is using a Cluster survey design.
In this design, the entire population is divided into groups (or clusters), and a random sample of these groups is selected.
All members of the chosen clusters are then surveyed.
This differs from other types of survey designs such as Stratified, Simple Random, and Systematic.
Therefore, the correct option is D) Management