What Activities and Responsibilities Are Not Associated with Management's Functions

question 122

Multiple Choice

What activities and responsibilities are not associated with management's functions?

• A) Planning
• B) Accountability
• C) Controlling
• D) Directing

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Definitions:

Bank Deposits and Collections

This term refers to the processes involved in placing funds into a bank account and the subsequent management and collection of those funds.

Truth in Savings Act

A federal law designed to promote the disclosure of account terms and fees in the savings accounts and certificates of deposit of banks and other financial institutions.

Depositary Banks

Financial institutions that hold and manage securities for their clients, offering services such as safekeeping, collection of dividends, and exercise of rights.

Drawee Bank

A bank upon which a check or draft is drawn and is responsible for paying the amount to the individual or entity presenting it for payment.