When Organizational Members Are More Actively Involved in Planning, They

question 16

Multiple Choice

When organizational members are more actively involved in planning, they see that the plans are ____________.

• A) designed to appeal to external stakeholders
• B) not as important as management makes them out to be
• C) designed to maximize efficiency
• D) just something written down on paper
• E) used in directing and coordinating work

---

Definitions:

Debts And Obligations

Financial commitments or responsibilities, such as loans and promissory notes, that an entity is required to pay to others.

Future Economic Benefits

The capability to assist in the direct or indirect increase of cash and cash equivalents for an organization.

Economic Entity Assumption

An accounting principle that assumes a company and its owners are separate entities for recording and reporting financial transactions.

Basic Assumption

Fundamental principles underlying the preparation of financial statements, typically including economic entity, going concern, monetary unit, and periodic reporting.