Which of the Following Statements Is True of Traceability

question 96

Multiple Choice

Which of the following statements is true of traceability?

• A)It uses well-specified economic events as inputs, and its processes follow certain rules and conventions.
• B)It is used for investment decisions, stewardship evaluation, activity monitoring, and regulatory measures.
• C)It is the ability to assign a cost directly to a cost object in an economically feasible way by means of a causal relationship.
• D)It is concerned with determining what activities should be performed by managers and assessing how well they are performed.

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Definitions:

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and ignore situational factors in judging others' behavior.

Confirmation Bias

The inclination to seek out, understand, prefer, and remember information in a manner that reaffirms one’s already held beliefs or theories.

External Attribution

The process of assigning the cause of behavior to some situation or event outside a person's control rather than to some internal characteristic.

Situational Components

Elements of an environment or context that can influence individuals' behavior, thoughts, and feelings in a given situation.