Significant Differences Exist in Terms on Financial Statements Around the World.For

question 31

Multiple Choice

Significant differences exist in terms on financial statements around the world.For example, another name for what we know as Contingent Liabilities in the U.S.is:

• A) Share Capital
• B) Capital Reserves
• C) Provisions for Other Risks
• D) Deferred Income

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Definitions:

Competitive Intelligence

The gathering and analysis of information about competitors for strategic purposes.

Environmental Scanning

The process of systematically collecting information about external influences and trends to identify opportunities and threats for strategic planning.

Environmental Intelligence

The gathering and analysis of data regarding the environment, used to guide business or policy decisions in a sustainable direction.

Competitive Scanning

The process of monitoring and analyzing the competitive environment to identify opportunities and threats.