An annual report is a comprehensive document prepared by a company at the end of its financial year, which summarizes its financial performance, business activities, and strategic goals. It is intended for shareholders, stakeholders, and the general public.
A business enterprise refers to a commercial entity that is established to conduct business and earn profit. It encompasses all the activities and operations that a business undertakes to produce and sell goods or services.
An annual survey conducted by the U.S. Department of Commerce where businesses report on product manufacturing and various activities from the past year.
Classification in a business context refers to the organization of jobs, activities, and products into categories or grades based on predefined criteria. This helps in standardizing evaluation, simplifying management, and enhancing operational efficiency.
An annual report by the directors of a company to its shareholders, which forms part of the accounts required to be filed with the Registrar of Companies under the Companies Act. It includes information on the company's activities, performance, future developments, and other crucial matters.
Financing involves the act of providing funds for business activities, making purchases, or investing. It enables companies to meet their objectives through various financial instruments like loans, investment, shares, or bonds.
A Geographic Information System (GIS) is a computer mapping program that allows users to visualize, analyze, and interpret location-based data. By using color-coding and overlays of land characteristics and demographic information, GIS enables the efficient determination of various business activities and demographic trends.
An industry is a group of companies that are related based on their primary business activities. In modern economies, there are dozens of industry classifications, which are typically grouped into larger categories called sectors.
Material Participation refers to the level of involvement by a taxpayer in the operations of a business activity on a regular, continuous, and substantial basis. This term is crucial in distinguishing between passive and active income for tax purposes.
