A Fundamental Principle of Responsibility Accounting Is That

question 18

Multiple Choice

A fundamental principle of responsibility accounting is that

• A)managers are accountable only for items they control
• B)a manager's span of control should not exceed eight people
• C)structured reports should be prepared weekly
• D)the information flow is in one direction, top-down

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Definitions:

Crisis Leadership

The ability to effectively manage and lead during times of extreme challenge, uncertainty, or threat.

Proper Planning

The process of defining objectives, developing strategies, and outlining tasks and schedules to achieve the goals set.

Calm and Stable

Describing a situation, environment, or personality that is characterized by tranquility, predictability, and low volatility.

Normative Decision Model

A leadership theory that provides a framework to determine the best leadership style based on the situational context and decision-making involvement of leaders and followers.