Which of the Following Terms Refers to the Process of Gathering

question 35

Multiple Choice

Which of the following terms refers to the process of gathering information and forecasting relevant trends, competitive actions, and circumstances that will affect operations in geographic areas of potential interest?

• A) internal analysis
• B) strategic planning
• C) cultural analysis
• D) environmental scanning

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Definitions:

Accounting Records

Documentation and books used in the preparation of financial statements, including ledgers, journals, and all relevant supporting documents.

Control Activity Over Cash

Procedures and policies implemented by a company to manage and monitor cash transactions and balances to prevent fraud and errors.

Pre-Signed Blank Cheques

A risky financial practice that involves signing a cheque before the amount payable is entered, leaving it vulnerable to fraud or misuse.

Limited Access

A situation or condition where access or entry is restricted or controlled, often referring to restricted data or locations.