Which of the Following Was NOT Given as a Guideline

question 10

Multiple Choice

Which of the following was NOT given as a guideline for external monitoring?

• A) Examine a wide range of developments and trends in the environment.
• B) Make an extra effort to learn what clients and customers want and need.
• C) Identify both the strengths and weaknesses of competing products.
• D) Rely primarily on your own intuition to analyze the environment.

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Definitions:

Non-Operating Activities

Transactions and events that are not related to the primary activities of the business.

Main Operations

The core activities or tasks through which a company generates its revenue and income, focusing on its primary business objectives.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB).

Expenses

Costs incurred during a period by a business or individual in the process of earning revenue.