fact-finding

Vocabulary Word

Definition

'Fact-finding' is the process of gathering and examining information or evidence about something. It’s like investigating, you want to understand more, so you actively look for facts.

Examples in Different Contexts

For corporate audits, 'fact-finding' involves examining financial records and operations to ensure compliance with laws and regulations. An auditor might state, 'Our fact-finding mission is to identify any discrepancies or fraudulent activities within the company.'

Practice Scenarios

Impact

Scenario:

The city's air quality has been deteriorating. Let's identify the primary contributors to this situation for effective planning.

Response:

I believe a scientific fact-finding approach would let us identify the prime pollutants more accurately.

Business

Scenario:

Our team has been brainstorming some new product ideas. Before we proceed further, let's ensure we have all the necessary information.

Response:

That's a good point. Let’s undertake a fact-finding mission first to understand consumer needs.