Top Management Has Assured Elizabeth,the Supervisor of the Accounting Department,that

question 46

Essay

Top management has assured Elizabeth,the supervisor of the accounting department,that the budget for her department is "flexible." Elizabeth thinks that this means she can change the figures herself as need be.Is she correct? Why or why not?

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Definitions:

Unanimous Agreement

A consensus where all parties involved fully agree on a decision or statement without opposition.

Interstate Commerce

Economic activities or transactions that cross state boundaries or involve more than one state, regulated by the federal government in many countries.

Stay and Tender Laws

Legislative measures that prevent creditors from seizing the property of debtors and require debtors to make payment in a legal tender, typically applied during financial crises to provide relief.

Daniel Shays

A former soldier and symbolic figure of Shays' Rebellion (1786-1787), an armed uprising in Western Massachusetts protesting fiscal and civil rights injustices.