Taking an Idea and Offering a Way to Do Something

question 39

Multiple Choice

Taking an idea and offering a way to do something slightly better than it is done presently refers to a(n) :

• A) imitative strategy.
• B) incremental strategy.
• C) status quo strategy.
• D) innovative strategy.

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Definitions:

Ledger

A comprehensive accounting book that keeps track of all financial transactions systematically.

Financial Statements

Documents that outline the financial activities and condition of a business, including the income statement, balance sheet, and cash flow statement.

Company Accounts

Financial records that detail the financial activities and condition of a business.

Business Transactions

Exchanges involving economic consideration between two entities that affect the financial position of a business.