Is a Formal Mechanism for Gathering, Organizing, and Communicating Information

question 162

Multiple Choice

is a formal mechanism for gathering, organizing, and communicating information about an organization's activities.

• A) Scorekeeping
• B) Management accounting
• C) Attention directing
• D) An accounting system

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Definitions:

Act Of God

An event caused by natural forces beyond human control, such as floods or earthquakes, that is not attributable to human actions.

Fundamental Breach

A serious violation of a contract that permits the aggrieved party to terminate the agreement and seek damages.

Exculpatory Clause

A contract provision that relieves one party of liability if damages are caused during the execution of the contract.

Performance

Completion by both parties of the terms of a contract.