Accounting Generally Has the Responsibility for

question 27

Multiple Choice

Accounting generally has the responsibility for

• A) setting company goals.
• B) expressing the budget in financial terms.
• C) enforcing the budget.
• D) administration of the budget.

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Definitions:

Goals

Targets or desired outcomes that an individual or organization aims to achieve within a specific timeframe.

Debts

Money owed by one party, the borrower, to a second party, the lender; an obligation to pay or do something.

Needs

Essential requirements or necessities for individuals or organizations to function effectively or achieve objectives.

Determining

The process of establishing the key factors, causes, or outcomes of a given scenario or problem.