Which of the Following Is NOT a Reason for Managers

question 16

Multiple Choice

Which of the following is NOT a reason for managers to plan?

• A)to give direction to an organization
• B)to deal with change
• C)to establish goals
• D)to establish responsibility for mistakes

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Definitions:

Accounting System

A methodical procedure of accurately and timely recording and organizing financial transactions and information.

General Journal

A primary accounting record used for recording all types of transactions and events, ensuring every financial activity is documented.

Special Journal

A financial journal designed for recording a specific type of transaction in a more efficient manner.

Accrual Basis

An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when the cash transaction occurs.