Management is accountable to various government bodies in which of the following ways?
A) Providing a return on the stakeholders' investment
B) Obeying laws and regulations, and paying taxes
C) Making timely payments to creditors
D) Making timely payments to vendors

Question

Quizplus · Accepted Answer

Management is accountable to government bodies by obeying laws and regulations and paying taxes. This is because the government has the authority to enforce these laws and regulations and penalize companies that fail to comply. Providing a return on stakeholders' investment, making timely payments to creditors and vendors are generally financial obligations of the company, but do not directly affect government regulations and laws.

Management Is Accountable to Various Government Bodies in Which of the Following