According to the full disclosure principle,companies create a competitive advantage when they report:
• Details about the company's strategies,plans and tactics.
• Information about the company's technological and managerial innovations.
• Detailed information about the company's operations.

Question

Quizplus · Accepted Answer

The full disclosure principle in accounting means that financial statements must include all of the information necessary for readers to understand those statements. This principle does not extend to disclosing company strategies, plans, tactics, technological and managerial innovations, or detailed operations information, as these could compromise competitive advantage.

According to the Full Disclosure Principle,companies Create a Competitive Advantage