When Managers Delegate Work,three Transfers Occur

question 33

Multiple Choice

When managers delegate work,three transfers occur. Two of the transfers are responsibility and authority. What is the third?

• A)utility  
• B)synergy  
• C)reciprocity  
• D)accountability

Explain the posting process for special journals to the general ledger.

Describe the differences between perpetual and periodic inventory systems and their impact on journal entries.

Analyze the significance of footing and crossfooting in ensuring the accuracy of journal totals.

Prepare a schedule of accounts receivable and payable and understand its importance in financial reporting.

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Definitions:

Substance Abuse

The harmful or hazardous use of psychoactive substances, including alcohol and illicit drugs, leading to addiction or other types of harm.

Alcohol Preference

An individual's tendency to choose alcoholic beverages over non-alcoholic ones, often used in studies of addiction and behavior.

Concordance Rates

The probability that two individuals with shared genetics (typically twins) will both present a particular trait or disorder, used in studies of heritability.

Cocaine Abuse

The problematic use of the stimulant drug cocaine, leading to significant impairment or distress.