In absence of ____________ executives may indulge in arbitrary use of funds.a.checkingb.accountabilityc.monitoringd.transparency
Question
In absence of ____________ executives may indulge in arbitrary use of funds.a.checkingb.accountabilityc.monitoringd.transparency
Solution
The correct answer is b. accountability. In the absence of accountability, executives may indulge in arbitrary use of funds. This is because accountability refers to the responsibility of an individual or organization to account for its activities, accept responsibility for them, and to disclose the results in a transparent manner. Without this, there is a risk of misuse of funds as there is no obligation to justify actions or decisions.
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