What is the difference between industrial spying and the gathering of competitive intelligence? Is the use of competitive intelligence ethical or unethical? Why?
Industrial spies use illegal means to obtain trade secrets from competitors. Trade secrets are protected by the Economic Espionage Act of 1996, which makes it a federal crime to use a trade secret for one’s own benefit or another’s benefit. Competitive intelligence is legally obtained information gathered using sources available to the public. However, competitive intelligence is legally obtained information gathered from financial reports, trade journals, public filings, and printed interviews with company officials.
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When a depreciable asset is leased under an operating lease, the lessor:
A. records depreciation in the normal manner. B. defers depreciation until the lease expires. C. must use activity-based depreciation. D. never recognizes depreciation.
The first phase in the project life span is
A) design. B) conceptualization. C) planning. D) implementation.