Accounting Information Serves a Governance Function When It Is Used

question 43

Multiple Choice

Accounting information serves a governance function when it is used by:

• A)managers to make a business decision.
• B)government officials to regulate the business and its financial records.
• C)directors to oversee the business.
• D)analysts to vote on company policies.

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Definitions:

Efficiency

The ability to achieve a desired outcome with minimal waste of time, effort, or resource.

Conversation

A form of interactive, spontaneous communication between two or more people where ideas, information, and sentiments are exchanged.

Laughs

The act or sound of laughing, often a response to humor, joy, or a form of social bonding among people.

Role Set

The array of roles attached to a single status or social position that an individual occupies, illustrating the complexity of social interactions.