One Barrier to Effective Communication Is the Filtering of Upward

question 45

Multiple Choice

One barrier to effective communication is the filtering of upward communication.Which characteristic of effective control systems would this affect?

• A) Flexibility
• B) Accuracy
• C) Accountability
• D) Timeliness
• E) Objectivity

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Definitions:

Contra Revenue Account

An account used to record deductions from gross revenue, including sales returns, allowances, and discounts.

Revenue Account

An account that records the income generated by a business from its normal operational activities.

Adjusting Entry

A journal entry made in accounting records at the end of an accounting period to allocate income and expenditures to the appropriate period.

Taxes Payable

The amount of tax a company or individual owes to the tax authorities but has not yet paid by the end of the accounting period.