Which of the Following Would You Include as Decisions and Responsibilities

question 63

Multiple Choice

Which of the following would you include as decisions and responsibilities typically found at the managerial level of a company?

• A)monthly Plans
• B)monthly Budgets
• C)weekly Schedule
• D)All of these are correct.

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Definitions:

Transaction Data

Information collected about each specific activity that takes place within a business, which can be used for various financial and management analysis purposes.

Journal

A daily record of financial transactions, providing a detailed account of all entries for each transaction.

Chart of Accounts

An organized list of all ledger account titles and numbers used by a company, serving as a framework for the recording of financial transactions.

Asset Accounts

Accounts that track the value of the resources owned by a business, which can include cash, inventory, equipment, and real estate.