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.

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Definitions:

Exporting Industry

An industry that primarily produces goods or services for consumption outside the domestic market.

Imported Good

A product or commodity that is brought into one country from another for sale or use.

Exported Good

A product produced domestically but sold to buyers in another country.

Free International Trade

Trade between countries without restrictions such as tariffs, quotas, or other barriers.