Which of the Following Is Not an Essential Element of Responsibility

question 35

Multiple Choice

Which of the following is not an essential element of responsibility accounting?

• A)assigning responsibility
• B)establishing performance measures
• C)evaluating performance
• D)ridiculing poor performers

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Definitions:

Corporations

Legal entities that are separate and distinct from their owners, allowing them to own assets, incur liabilities, and enter into contracts.

Stock

Represents ownership in a corporation, giving holders a claim on part of the company’s assets and earnings.

False Statement

A declaration that is untrue, misleading, or deceptive, often made with the intent to defraud or mislead.

Capital

Economic resources used in the production of goods and services, such as machinery, equipment, and buildings.