The Tendency of an Organization to Act in Anticipation of Future

question 27

Multiple Choice

The tendency of an organization to act in anticipation of future problems and opportunities is

• A) competitive aggressiveness.
• B) innovativeness.
• C) proactiveness.
• D) independent action.
• E) analysis.

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Definitions:

Recorded Capital Account

An account on a company's balance sheet that represents the shareholders' equity invested in the business, either by contributing capital or retaining earnings.

Distribution

The process of allocating assets, such as cash dividends or stock shares, to shareholders as part of the earnings generated by a company.

Final Settlement

The completion of a financial transaction where the seller delivers the agreed goods or assets and the buyer pays for them as per the terms of the contract.

Profit and Loss Basis

Profit and Loss Basis is a method of accounting that records revenues and expenses as they are earned or incurred, used to determine a company's financial performance over a period.