All of the Following Are True Regarding Accountability Except

question 15

Multiple Choice

All of the following are true regarding accountability except:

• A) accountability moves in the same direction as responsibility.
• B) all employees are accountable to whoever delegated responsibility to them.
• C) the chief executive officer is accountable to the owners or board of directors.
• D) accountability goes automatically with the responsibility delegated.
• E) Both a and d

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Definitions:

Organizational Objectives

Organizational objectives are specific, measurable goals that an organization aims to achieve within a set timeframe to guide its operations and strategic direction.

Profit-sharing Plans

A type of incentive plan where employees receive a portion of the company's profits, typically allocated based on the company's earnings over a set period.

Net Profits

The remaining amount of revenue after all operating expenses, taxes, and interest are deducted; a key indicator of a company's financial health.

Incentive Systems

Strategic business tools used to motivate and reward employees' actions towards achieving organizational goals, often tied to performance metrics.