A Systematic and Ethical Process for Gathering and Analyzing Information

question 106

Multiple Choice

A systematic and ethical process for gathering and analyzing information about the competition's activities and general trends to further a business' own goals is called

• A) unethical business practices.
• B) artificial intelligence.
• C) competitive intelligence.
• D) industrial espionage.
• E) competitive advantage.

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Definitions:

Chart of Accounts

A systematic listing of all accounts used in the general ledger of an organization, categorized by assets, liabilities, equity, revenues, and expenses.

Tax Return Preparation

Tax return preparation involves compiling financial records, calculating income and expenses, and completing the necessary tax forms to comply with tax filing requirements.

Financial Information

Data regarding the monetary operations and condition of a business, such as revenue, expenses, assets, and liabilities.

Chart of Accounts

An organized list of all accounts in a business's accounting system, categorically laid out to show the financial structure.