Diffusion of Responsibility Is BEST Defined As

question 46

Multiple Choice

Diffusion of responsibility is BEST defined as:

• A) selfish motives for helping others who are in need.
• B) a decreased sense of obligation to help when others are present.
• C) feeling obligated to help only those who are closely related to you.
• D) the notion of duty to help those who need it most.

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Definitions:

Gross Method

An accounting method where purchases are recorded at their full purchase price without deducting any cash discounts.

Periodic Inventory Method

An accounting practice where inventory levels and cost of goods sold are calculated at predetermined intervals, such as monthly or annually.

Voucher System

A control mechanism in accounting that uses vouchers to record transaction details and authorize cash disbursements.

Voucher System

An internal financial control system for managing disbursements and ensuring all transactions are properly documented and approved before payments are made.