The Duty to Perform an Assigned Task Is Called ________

question 176

Multiple Choice

The duty to perform an assigned task is called ________.

• A) delegation
• B) authority
• C) responsibility
• D) accountability

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Definitions:

Disposed

This term refers to the action of getting rid of an asset or property, often through a sale, exchange, retirement, or destruction.

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, reflecting the company's reputation, customer relations, and other non-physical assets.

Assets And Liabilities

Elements of a company's financial statements where assets represent resources owned, and liabilities represent obligations owed to others.

Depletion

The allocation of the cost of natural resources over the period of their extraction or harvesting, recognizing the exhausting nature of these assets.