In a Chart of Accounts Using Three Digits for Each

question 70

Multiple Choice

In a chart of accounts using three digits for each account,each numeric digit has meaning to users of the AIS.For example,a numeric digit may represent either a major category of accounts,a primary financial subaccount within each category,or a specific account into which transaction data will be posted.Using this example,which digit position would best represent a primary financial subaccount within an account category?

• A)first
• B)second
• C)third
• D)fourth

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Definitions:

Chain of Command

The hierarchy within an organization that establishes authority and responsibility, dictating how instructions are passed down and how issues are escalated.

Specialization of Labor

The division of labor into specific tasks and roles, aimed at increasing efficiency and productivity in the workforce.

Delegation

The process of assigning responsibility and authority to others to carry out specific tasks.

Interdisciplinary

An approach that integrates ideas, methods, and theories from multiple disciplines to advance understanding or solve problems beyond the scope of any single discipline.