Match the Term with Its Definition

question 53

Multiple Choice

Match the term with its definition.
-A plan of action that isolates an enterprise from competitors and other market forces by targeting a restricted market segment

• A)focus strategies
• B)general environment
• C)industry environment
• D)intangible resources
• E)new benefit ideas
• F)new market ideas
• G)new technology ideas
• H)opportunity recognition

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Definitions:

Managerial Accounting

This is a form of accounting that creates financial reports specifically designed to inform the internal decision-making processes of business managers.

GAAP

Generally Accepted Accounting Principles, a collection of commonly-followed accounting rules and standards for financial reporting.

Payroll Scheme

A system or plan for managing the process of paying employees, including calculating wages, withholding taxes, and distributing paychecks.

Fraud

An intentional deception made for personal gain or to damage another individual.