The Cost Accounting System That Minimizes Wasteful or Unnecessary Transaction

question 16

Multiple Choice

The cost accounting system that minimizes wasteful or unnecessary transaction processes is

• A)performance measure.
• B)benchmarking.
• C)budgeting.
• D)responsibility center.
• E)lean accounting.

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Definitions:

Diffusion Of Responsibility

a socio-psychological phenomenon whereby individuals are less likely to take action or feel a sense of responsibility in the presence of a large group of people.

Obedience To Authority

The tendency to follow orders or directions from someone recognized as a figure of authority.

Social Facilitation

Social facilitation refers to the phenomenon where an individual's performance improves when performing tasks in the presence of others compared to when alone.

Pluralistic Ignorance

A psychological state in which the majority of group members privately reject a norm, but assume incorrectly that most others accept it, leading to a compliance with the norm.