According to Gray,Owen and Adams,accountability Involves

question 22

Multiple Choice

According to Gray,Owen and Adams,accountability involves:

• A) the responsibility to provide an account of an entity's actions.
• B) the expectation that entities will undertake responsibility for the financial and economic effects of their actions.
• C) the responsibility to undertake certain actions (or to refrain from taking actions).
• D) the responsibility to provide an account of an entity's actions and the responsibility to undertake certain actions (or to refrain from taking actions).

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Definitions:

Patella

The knee cap; a small, round bone that sits in front of the knee joint, helping to protect it and enhance leverage for leg muscles.

Ischium

One of the three bones that make up the pelvis, helping to form the hip joint and bear the weight of the body in the sitting position.

Perfectly Inelastic

Describes a situation in which the quantity demanded or supplied does not change in response to a change in price.

Relatively Inelastic

Relatively inelastic refers to a situation where the demand for a good or service changes little when its price changes; the percentage change in demand is smaller than the percentage change in price.