Which of the following statement doesn't describes the organizational vision: Select one: O a. It is the values of the organization O b. It is an approach to the organization stakeholders O c.Itis an overall direction for the organization O d. It is the core purpose which guides the organization

Which of the following statement doesn't describes the organizational vision: Select one: O a. It is the values of the organization O b. It is an approach to the organization stakeholders O c.Itis an overall direction for the organization O d. It is the core purpose which guides the organization

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter1: Role Of Accounting In Society

Section: Chapter Questions

Problem 6MC: Which of the following is not true? A. Organizations share a common purpose or mission. B....

See similar textbooks

Related questions

Q: The importance of organizations in general of all kinds

A: An organization is that type of an entity like a company, institution or an association which aims…

Q: GRI Reporting Framework disclose outcomes and results occurred within the reporting period EXCEPT…

A: GRI reporting framework is global reporting initiative which are independent standards at…

Q: An organisation's values, behaviours and attitudes are known as its _____________ a. Vision…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Which of the following is not an aspect of action control? Select one: O a. To define objectives O…

A: Action control refers to controlling activities within an organization to achieve the desired…

Q: Define goal congruence, and explain why it is important to an organization’s success.

A: Managerial accounting: Managerial accounting is a system, or a process of collecting and organizing,…

Q: issue of legitimacy is

A: Legitimacy is the obeying of laws and regulations. It is important because an organization is a part…

Q: Which is NOT included as concept or aspect of management? a. It is concerned with all kinds of…

A: Correct answer is option (d) It applies only to top level management.

Q: Which of the following statements is false? A. The four dimensions of performance that are…

A: Stakeholders are the people who has the interest in the company. The stockhlders have the interest…

Q: “Organizations typically adopt a consistent decentralization or centralization philosophy across all…

A: Centralization means all the processes and operations have to be done centrally ie by one department…

Q: What activities and responsibilities are not associated with management's functions? a. Planning b.…

A: Financial statements are statements which states the business activities performed by the company .…

Q: Which of the following statements regarding strategic objectives in the balanced scorecard is false?…

A: Balanced scorecard approach is a framework used by the companies to link the vision of companies…

Q: In a business plan, this indicates why the organization's exists Group of answer choices A goal A…

A: vision mention the desired future position of the organisation which it wants to achieve.

Q: fly Explain --"Res

A: Introduction : In simple words, organizational behavior refers to the way in which individuals and…

Q: Enter the letter of each system principle in the blank next to its best description. A. Control…

A: Accounting principle are the principles/guidelines and rules that organizations must follow when…

Q: Which statment/s is correct: Statement 1. A steward has control over assets of the organization…

A: Statement 1: correct- a board as steward ensures responsible protection and management of asset of…

Q: evaluate the financial and non-financial objectives that managers in an organisation should pursue…

A: Company operates in strategic environment for operating activities and get return on the investment…

Q: 1. Management accounting is a collective term for all persons responsible for making decisions in an…

A: As posted multiple independent questions we are answering only first three questions kindly repost…

Q: Because a mission statement is an essential part of building a company strategy.

A: This question explains about an essential part of building a company strategy.

Q: Which of the following element is part of the controlling function? O a. Coordinating the functions…

Q: The basic components of an organization's internal control are: Select one: a.…

A: Internal control is a system of organizing the company in which a set of rules, policies, and…

Q: If management signs a management representation letter, is that a good indication that all of…

Q: 3. List and describe the internal and external stakeholder in the organization selected. (The…

A: given information internal and external stakeholders in the organization

Q: Which of the following characteristics does NOT pertain to management accounting? OA. Has externally…

Q: Which of the following statements is false? Group of answer choices A. The four dimensions of…

A: A balanced scorecard is an overall performance criteria used to perceive, enhance, and control an…

Q: A program refers to a collection of projects or programs and other work that are grouped together to…

A: The questions are multiple choice questions. The question is related to Program , Project and…

Q: refers to a culture that is open, honest and communicate the values of the organization to persons…

A: Ans. The culture set by board of directors, audit committee and corporate officers throws a great…

Q: 2 A manager that is establishing objectives (strategic or operational) is performing which…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Which of the following is not a factor that influences a business's control environment?…

A: Business control environment: This business control environment is an internal control that operates…

Q: Which of the following statements is incorrect?A. The practice of management accounting is fairly…

A: Managerial accounting seems to be the discipline of finding, monitoring, analyzing, analyzing, and…

Q: 1. This is the evaluation of activities, systems, and controls within an enterprise for efficiency,…

A: Introduction:- Compliance auditing decide whether a process or transaction has or has not followed…

Q: Which of the following is the first step within hierarchy of guidance to which management refers,…

A: SOLUTION- ACCOUNTING POLICIES ARE THE SPECIFIC PRINCIPLES AND PROCEDURES IMPLEMENTED BY A COMPANY'S…

Q: Which of the following terms is used to describe the process of developing the organization’s…

A: Improving process: it is a process of identifying and analysing of existing process improving them…

Q: keholders determine what are viable sources of information regarding organizational effectiveness…

A: Step 1 The efficiency with which an organization can fulfill its objectives can be defined as…

Q: All of the following is related to the controlling function of management except: a. Performance…

A: SOLUTION- Planning involves establishing goals and communicating these goals to employees of the…

Q: Which of the following options is/are correct with respect to Entity-Relationship (E-R)? I. An…

A: The answer for the multiple choice question and relevant explanation are presented hereunder: Entity…

Q: The engagement letter must include the: * Objectives of the engagement O Management's responsibility…

A: The engagement letter includes: The objective of the engagement Management's responsibility…

Q: Which of the following is NOT a correct statement about management? a. Management's application is…

A: Management is the art of getting done through others. It is the process of planning, organizing,…

Q: Management is to forecast, to plan, to organize, to direct, to coordinate & to command other…

A: Answer

Q: Which of the following describes the awareness stage of corporate social responsibility according to…

A: CSR:-The term CSR stands for Corporate Social Responsibility. Corporate social responsibility is…

Q: _____________Is concerned with providing information for the use of those who are inside the…

A: Accounting: Accounting is recording, classifying , summarizing, analyzing and interpreting of…

Q: Which of the following statements doesn't describe the organizational strategies: Select one: O a.…

A: Organisational strategies may be defined as long term plans formed by the organisation to channelise…

Q: Setting objectives and identifying methods to achieve those objectives is calleda. planning.b.…

A: Planning entails the maintenance and organizational approach to reaching strategic goals. Managers…

Q: Which of the following activities is not part of the management planning and control cycle? Select…

A: Picking the best alternative from a list of options is one of the management decision-making…

Q: Listed below are the three functions of the management of an organization. 1. Planning 2. Directing…

Q: Which of the following are basic phases of the management process? a.supervising and directing…

A: Introduction: The management process is a set of essential procedures used to manage any activity,…

Question

Which of the following statement doesn't describes the organizational vision:
Select one:
O a. It is the values of the organization
O b. It is an approach to the organization stakeholders
O c. It is an overall direction for the organization
d. It is the core purpose which guides the organization

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Which of the following is not true? A. Organizations share a common purpose or mission. B. Organizations have inflows and outflows of resources. C. Organizations add value to society. D. Organizations need accounting information.
Which of the following is nor a common goal of an organization? A. operational efficiency B. being acquired by another business C. achieving strategic goals D. measuring financial performance
Which of the following statements is false? A. The four dimensions of performance that are considered in a balanced scorecard are financial, customer, internal process, and learning and growth B. A balanced scorecard will include qualitative and quantitative measures. C. Stakeholders cannot include stockholders. D. A balanced scorecard is the compatibility between personal goals and the goals of the organization.
An important goal of a responsibility accounting framework is to help ensure which of the following? A. decision-making is made by the top executives. B. investments made by each segment are minimized. C. identification of operating segments that should be closed. D. segment and company financial goals are congruent.
Components of the organization that are demotivating for purposes of performance management are known as ______. A. business goals B. strategic plans C. uncontrollable factors D. incentives
Which of the following statements is incorrect? The practice of management accounting is fairly flexible. The information gathered from management accounting is not required by law. Management accounting focuses mainly on the internal user. Reports produced using management accounting must follow GAAP.
A system that establishes financial accountability for operating segments within an organization is called _______. A. a financial statement B. an internal control system C. responsibility accounting D. centralization
Which of the following terms is used to describe the process of developing the organization’s objectives and translating those into courses of action? a.planning b.improving c.supervising d.decision making
_____ management exists to provide advice and assistance to those responsible for attaining the objectives of the organization. A. Staff B. Risk C. Functional D. Line
Which of the following is not true? Group of answer choices Organizations share a common purpose or mission. Organizations have inflows and outflows of resources Organizations add value to society Organizations need accounting information
Which of the following is the first step within hierarchy of guidance to which management refers, and whose applicability at considers, when selecting accounting policies? A. Apply the requirements in PFRS dealing with similar and related issues B. Apply a standard from PFRS if it specifically relates to the transaction, event, or condition C. Consider the applicability of the definitions, recognition criteria, and measurement concepts in the Conceptual Framework D. Consider the most recent pronouncements of other standard-setting bodies to the extent they do not conflict with PFRS or the Conceptual Framework?
_____ refers to a culture that is open, honest and communicate the values of the organization to persons at all levels, both internal and external to the organization. This culture is set by the board of directors, audit committee, and corporate officers. a. utilitarian principle b. imperative principle c. tone at the top d. generalization principle e. means versus the ends