Many Organizations Utilize Responsibility Accounting

question 34

Multiple Choice

Many organizations utilize responsibility accounting

• A) to assist in building performance measures for the organization.
• B) to assist in performance management and evaluation.
• C) solely to evaluate how well employees are handling their responsibilities.
• D) as an alternative to generally accepted accounting principles.

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Definitions:

Constitutional Task

A duty or responsibility that is outlined or mandated by a constitution.

Vice President

The second-highest executive officer in a governmental administration, who acts as deputy to the president, with duties and responsibilities that can vary widely depending on the administration.

Tie-Breaking Votes

Refers to votes cast by an additional member, like the Vice President in the US Senate, to break a tie in a decision-making process.

Council of Economic Advisers

A team of economists selected by the U.S. President to offer unbiased economic evaluations and counsel on various domestic and international economic policy matters' development and execution.