Author Question: When Nathaniel Products applied for a loan to expand its sailboat business, the bank requested ... (Read 58 times)

robinn137 · **on:** Jul 14, 2018

When Nathaniel Products applied for a loan to expand its sailboat business, the bank requested several financial reports so that they could assess the company's ability to repay the loan. Which category of accounting would be responsible for the preparation of these financial reports?
A) Managerial accounting
B) Financial accounting
C) Liaison accounting
D) Forensic accounting
E) Cost accounting

Question 2

Assigning part of your work, and the authority required to do that work, to someone else is called:
A) delegation.
B) responsibility.
C) authorization.
D) accountability.
E) relegation.