Which of the Following Statements Is True Regarding Accountability

question 47

Multiple Choice

Which of the following statements is true regarding accountability?

• A)Accountability refers to a narrower concept than does stewardship.
• B)Measurements based on the accountability objective include earnings per share but not return on investment.
• C)The question of which valuation system provides the best input for accountability-oriented measurement is unimportant.
• D)Accountability refers to the responsibility of management to report on achieving goals for the effective and efficient utilization of enterprise resources.

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Definitions:

Sensory Exploitation

A theory explaining certain traits or behaviors evolve because they exploit the preexisting sensory biases of another organism.

Pseudopenis

A clitoris that is significantly enlarged to resemble a penis, found in certain species such as the spotted hyena.

Non-adaptive

Referring to traits or behaviors that do not provide a survival or reproductive advantage to an organism.

Variable Life Insurance

A type of insurance policy that does not allow for the premium or minimum coverage on one’s life to change but allows one to switch the savings from among money markets or various forms of stock.