Which of the Following Statements Is True Regarding Accountability

question 47

Multiple Choice

Which of the following statements is true regarding accountability?

• A)Accountability refers to a narrower concept than does stewardship.
• B)Measurements based on the accountability objective include earnings per share but not return on investment.
• C)The question of which valuation system provides the best input for accountability-oriented measurement is unimportant.
• D)Accountability refers to the responsibility of management to report on achieving goals for the effective and efficient utilization of enterprise resources.

Understand the significance of reliability in behavioral measurement.

Acknowledge the utilization of brain imaging technologies in understanding the biological basis of behavior.

Recognize the importance of sample representativeness and random sampling in survey research.

Appreciate the ethological approach in studying behavior in natural contexts to minimize observation effects.

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Definitions:

Ratification

The official way to confirm something, usually by vote. It is the formal validation of a proposed law or amendment.

Alexander Hamilton

A founding father of the United States, first Secretary of the Treasury, and influential in laying the groundwork for the nation's financial system.

James Madison

An American statesman, diplomat, and the fourth President of the United States, known as the "Father of the Constitution" for his pivotal role in drafting and promoting the U.S. Constitution.

Federalists

Members of a political group that supported the adoption of the U.S. Constitution and the creation of a strong federal government.