The Business Reporting Process Comprises All of the Following Except

question 12

Multiple Choice

The business reporting process comprises all of the following except:

• A) preparing general purpose external financial statements
• B) generating ad hoc and predetermined business reports for management
• C) ensuring that the external financial statements adhere to GAAP
• D) fueling the financial reporting, business reporting, and other reporting subsystems by providing the information needed to prepare external and internal reports

---

Definitions:

Structural Holes

Gaps between different social networks or groups that, when bridged by individuals acting as brokers, can facilitate access to information and resources and spur innovation.

Contacts

Connections or relationships with other people, often valued for the exchange of information, opportunities, or resources they can provide.

Passive Resistance

A form of non-violent opposition or deliberate refusal to comply with certain laws, demands, or commands of authority figures.

Non-compliance

Failure or refusal to act in accordance with a set of rules, standards, or laws.