In Which of the Following Steps of the Management Cycle

question 40

Multiple Choice

In which of the following steps of the management cycle of governmental and not-for-profit entities are accountants least involved?

• A)Performing cost benefit analysis on proposed programs.
• B)Selecting among alternative programs.
• C)Preparing financial reports.
• D)Evaluating efficiency and effectiveness of programs.

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Definitions:

Pre-tax Cost

The expense or cost incurred by a corporation before the deduction of tax liabilities.

Pay Interest

The act of compensating lenders or depositors for the use of their money, typically expressed as an annual percentage of the principal.

Face Value

The original value or nominal value of a security as stated by the issuer, often used in the context of bonds or other fixed-income securities.

Weighted Average Flotation

An average calculation of flotation costs for new securities, weighted by the proportion each security contributes to the total amount issued.