The Degree to Which Participation,responsibility,authority and Discretion in Decision-Making Are

question 70

Multiple Choice

The degree to which participation,responsibility,authority and discretion in decision-making are specified is called:

• A)Informality
• B)Formality
• C)Functional tactic
• D)Dynamic mode

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Definitions:

Management Accounting

The field of accounting focused on providing financial data and analysis to managers within organizations to assist in decision-making.

External Users

Individuals or entities outside of a company who use its financial statements and other information to make decisions, such as investors or creditors.

Business Environment

The combination of external and internal factors that influence a company's operating situation, including economic, legal, and technological aspects.

Confidentiality

The obligation to safeguard and not disclose private information to unauthorized individuals.