Under the Concept of LODESTAR, Reporting Is One of the Original

question 38

True/False

Under the concept of LODESTAR, reporting is one of the original seven responsibilities carried over from POSDCORB

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Definitions:

Operating Activities

Activities that relate directly to the primary operations of a company, such as manufacturing, distributing, marketing, and selling a product or service.

Direct

Pertains to costs or actions that can be directly attributed to a specific project, department, or product without any need for allocation.

Indirect Methods

Approaches used in accounting and finance to estimate or calculate values based on indirect indicators or conversions, rather than direct measurement.

Three Sources

Refers to the original means or origins of information, funds, or support, often used in various contexts.