Activity-Based Responsibility and Strategic-Based Responsibility Incorporate Some of the Same

question 28

Essay

Activity-based responsibility and strategic-based responsibility incorporate some of the same elements. However, strategic-based responsibility adds some new elements to the common dimensions. What are the elements in common and what new elements are included?

---

Definitions:

Special Journals

Journals that record similar types of transactions, such as all credit sales.

Sales Returns

Goods returned by customers after purchase, reducing the total sales revenue.

Cash Payments Journal

An accounting ledger that tracks all cash payments made by a business, including expenses, debt payments, and purchases.