Which of the Following Is Not an Example of Corporate

question 40

Multiple Choice

Which of the following is not an example of corporate competitive intelligence?

• A) banks tracking home loans
• B) airlines changing hundreds of fares daily in response to competitor tactics
• C) consumers comparing product offers online
• D) car manufacturers offering sales incentives based on rival offers

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Definitions:

Supplies Expense

Costs recorded as an expense when supplies are used up in the normal course of doing business, not when they are purchased.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the capital belonging to the owners.

Adjusting Entry

An accounting journal entry made at the end of an accounting period to allocate revenue and expenses to the period in which they actually are applicable.

Prepaid Rent

Payments made in advance for rent that is recorded as an asset on the balance sheet until it is expensed over time as it is used.