Which of the following does NOT accurately summarize an argument against segmented disclosure?

Select answer from the options below

Segmented disclosure may discourage management from taking smart business risks for fear of shareholder dissatisfaction.

Segmented disclosure is of limited usefulness because of the wide variation among companies in the choice of segments.

Segmented disclosure is a time$-$consuming, expensive process that does not yield significant benefits for the cost.

Segmented disclosures may be helpful to competitors, suppliers, and labour unions, thus proving harmful to the company.