What Objective Should an Accounting System Provide

question 17

Multiple Choice

What objective should an accounting system provide?

• A) a detailed analysis of employee productivity
• B) an accurate and thorough picture of operating results
• C) current profit comparisons with competition
• D) up-to-date contact information of every shareholder

---

Definitions:

Business Affairs

Involves the management of important aspects of a business such as planning, organizing, and controlling financial activities.

Levels of Responsibility

The hierarchical arrangement of duties and accountability in an organization or job, determining how decisions and tasks are delegated and managed.

Information Management

is the process of collecting, storing, managing, and distributing information in a way that is efficient and effective.

Leaders

Individuals who guide, influence, or direct others within an organization or community towards achieving shared goals.