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Accounting periods should be of equal length to facilitate comparisons between periods.
Matrix
A hierarchical organizational structure that combines two or more lines of authority, such as product and geographical divisions, creating a grid or matrix of responsibilities.
Delegation
The process of assigning responsibility and authority to someone else in order to complete a clearly defined task while retaining accountability for the outcome.
Accountability
The requirement to show performance results to a supervisor.
Obligation
A duty or commitment that an individual or organization is bound to fulfill, often due to legal, moral, or social reasons.
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