Accounting Can Be Defined As

question 4

Multiple Choice

Accounting can be defined as:

• A)the process of preparing and auditing an entity's financial statements.
• B)the process of identifying, measuring, and communicating economic information about an organization for the purpose of making decisions and informed judgments.
• C)the process of communicating the financial results of corporate activities to investors and regulatory bodies.
• D)the process of planning, controlling, and evaluating financial performance, and supporting the management decision-making process.

---

Definitions:

Conduct

The manner in which a person behaves, especially in a particular place or situation.

Participative Management

An effort to involve employees in a company’s decision-making.

Decision Making

The process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Authoritarian

A governing or leadership style characterized by absolute or blind obedience to authority, as opposed to individual freedom and related to centralization of power.