What Does a Strategic-Based Responsibility Accounting System Do

question 7

Multiple Choice

What does a strategic-based responsibility accounting system do?

• A)Allows the strategy to be highly centralized
• B)Focuses the strategy on performance measures of top management
• C)Translates the strategy into operational objectives and measures
• D)Adds a process perspective to the traditional functional based system

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Definitions:

Culture-Group Biases

The tendency to judge or interpret situations, behaviors, and individuals based on the norms and values of one's own cultural group.

Minority Cultures

Groups with distinct cultural, ethnic, or racial identities that are smaller or less dominant within a larger society.

Multicultural Organization

An organization that values diversity, incorporates a broad range of perspectives and backgrounds, and actively promotes inclusiveness and understanding across different cultures.

Minority-Owned Organization

A business enterprise that is at least 51% owned, operated, and controlled by individuals from a recognized minority group.