Transactions that are numerous and complicated, users who are separated from accounting records by distance and time, financial judgments that are significant to users and investors, and time-sensitive decisions are some of the underlying factors that drive demand by users for trustworthy information.
An agreement that has been fulfilled between a buyer and a seller to trade goods, services, or financial assets in exchange for cash is referred to as a transaction. In corporate accounting, the phrase is also frequently used. This simple definition can be difficult to apply in business bookkeeping. Depending on whether a corporation employs accrual accounting or cash accounting, a transaction may be recorded by it sooner or later.
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Answer:
Option C is correct because nowadays every company desires to recruit people who are change oriented thinkers. The reason is that the future is of the companies that think out of box. So company is not an individual person, they always require people like us to explore, find and reform the company on a regular bases. I think you know about Kodak, a traditional camera and camera film producer which went near to bankrupt because the company didn't opted to digital cameras which resulted in loss of its market share. So adopting change in companies is as vital as vitamins in human life.
Vertical merger is the joining of two companies involved in different stages of related businesses.
Answer:
Discretionary responsibility
Explanation:
Discretionary responsibility refers to a voluntary decision of a company to make a contribution to the society that it is not required to do and it is beyond the expectations to help the community. According to this, the answer is that by providing the drugs at a lower cost, GSK is fulfilling its discretionary responsability because the company is going beyond its obligations and it is contributing to society by making anti-AIDS drugs available at up to 75% less than the global price.
