Enforcement Consists of Three Interdependent Factors: (1) Responsibility, (2) Accountability

question 83

Short Answer

Enforcement consists of three interdependent factors: (1) responsibility, (2) accountability and (3) ________.

---

Definitions:

After-Tax Discount Rate

After-tax discount rate is the rate used to determine the present value of future cash flows after considering the effects of taxes.

Working Capital

The difference between a company's current assets and current liabilities, indicating its operational liquidity.

Straight-Line Depreciation

A strategy for allocating the outlay of a tangible asset through its service duration in equivalent yearly installments.

Straight-Line Depreciation

An accounting method that evenly spreads the expense of an asset over its expected lifespan.