Which of the Following Is Descriptive of Activity-Based Responsibility Accounting

question 142

Multiple Choice

Which of the following is descriptive of activity-based responsibility accounting?

• A)It assumes that activities can be collected into independent subgroups.
• B)Its focus is the organization.
• C)It assigns responsibility to processes.
• D)Its standards are engineered and tend to be static.

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Definitions:

Capital Structure

The way a corporation finances its assets through a combination of debt, equity, and hybrid securities.

Debt and Equity

Components of a company's capital structure, with debt representing borrowed money to be paid back and equity representing ownership interest.

Inventory

The products and supplies that a company possesses with the primary intention of selling or converting them.

Financial Manager

A professional responsible for the financial health of a corporation, overseeing investment activities, and planning strategies for the long-term financial objectives.