Which of the Following Is Unlikely to Be the Accounting's

question 6

Multiple Choice

Which of the following is unlikely to be the accounting's role to an organisation?

• A)Gather data about the organisation's activities.
• B)Provide a means for business data storage and processing.
• C)Convert business data into useful information.
• D)Exercise strategic decision-making according to accounting information.

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Definitions:

Chief Executive's Discretion

The extent to which a chief executive can make independent decisions without needing approval from others, often within the scope of their authority and responsibility.

Financial Reserves

involve funds or assets set aside by an organization or individual to cover future expenses, emergencies, or unforeseeable losses.

Organizational Strategy

A comprehensive plan outlining how an organization will achieve its goals and fulfill its mission over a period of time.

Executive Teams

Groups of individuals at the highest level of organizational leadership who are responsible for the strategic directions and decisions.