Helping Employees Understand Entity Goals and Objectives and Then Holding

question 57

Multiple Choice

Helping employees understand entity goals and objectives and then holding them accountable for achieving them are all related to which aspect of internal environment?

• A)Organizational structure.
• B)Methods of assigning authority and responsibility.
• C)Management philosophy and operating style.
• D)Commitment to competence.

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Definitions:

Federal Funds Rate

The borrowing cost at which financial institutions lend and borrow federal funds (reserves at Federal Reserve Banks) from each other overnight.

Interest Rate

Interest rate is the proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Fractional-reserve Banking

A banking system where banks hold only a fraction of their deposits in reserve, lending the rest to generate profits.

Money Supply

The collective volume of monetary assets within an economy at a certain point, including cash, coins, and balances in checking and savings accounts.