The __________ and the __________ Are Important Ways in Which

question 63

Multiple Choice

The __________ and the __________ are important ways in which firms learn to co-evolve by altering their environments.

• A) management of networks; influence of governments
• B) use of corporate philanthropy; the promotion of total quality
• C) influence of governments; development of alliances
• D) use of corporate philanthropy; influence of governments
• E) management of networks; development of alliances

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Definitions:

GAAP

Generally Accepted Accounting Principles (GAAP) are a set of rules and standards for financial reporting that companies in the U.S. are required to follow to ensure consistency and comparability among financial statements.

IFRS

A collection of accounting standards established by the International Accounting Standards Board, intended for worldwide application, known as International Financial Reporting Standards.

Cash-Basis Accounting

An accounting method where revenues and expenses are recorded when cash is received or paid, as opposed to when they are incurred.

Depreciation

An accounting method of allocating the cost of a tangible asset over its useful life to account for declines in value over time.