Which of the Following Facets of a Responsibility Accounting System

question 13

Multiple Choice

Which of the following facets of a responsibility accounting system is most likely to lead employees to distrust the entire budgeting and performance evaluation system?

• A)tight standards
• B)well-defined standards
• C)budget participation
• D)static qualifiers

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Definitions:

Payee

The individual or entity to whom money is paid or owed, especially in the context of checks or electronic transfers.

Fraud

Deceptive action designed to provide an unfair advantage or benefit to the individual or entity committing the fraud.

HDC

Holder in Due Course, a term in negotiable instruments law referring to someone who has acquired a negotiable instrument in good faith for value, with certain protections.

Promissory Note

A financial instrument containing a written promise by one party to pay another party a definite sum of money at a specified future date or on demand.