Define and Distinguish Between Accountabilities,objectives,and Standards

question 22

Essay

Define and distinguish between accountabilities,objectives,and standards.Describe the critical steps in adopting a results approach to measuring performance.

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Definitions:

American Depository Receipts

Securities that represent shares in foreign public companies and are traded on U.S. stock exchanges, allowing investors to invest in overseas stocks more easily.

World Equity Benchmark Shares

Exchange-traded funds that aim to provide investment results that, before fees and expenses, correspond to the price and yield performance of specific international equity indexes.

ADRs

American Depositary Receipts, a way for investors to own shares in foreign companies, where the shares are held by a US financial institution overseas and traded on American exchanges.