Explain Two General Types of Proactive Responses That Managers and Organizations

question 80

Essay

Explain two general types of proactive responses that managers and organizations can take to change the environment.

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Definitions:

Reporting Standards

Regulations and guidelines that govern the financial reporting process, ensuring the accuracy and consistency of financial statements.

Non-Business Organizations

Entities that operate for purposes other than making a profit, such as charities, educational institutions, and non-profit organizations.

Accounting Policies

The specific principles, bases, conventions, rules, and practices applied by an entity in preparing and presenting financial statements.

Private Enterprises

Businesses which are owned by private individuals or groups, not by the state or public sectors.