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Government Funds

Discretionary...

Question

Discretionary responsibility means ______.

A

Providing charitable contributions to educational institutions

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B

Helping the affected people during floods

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C

Helping the affected people during earthquakes

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D

All of the above

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Solution

The correct option is D All of the above
Discretionary responsibility refers to purely voluntary obligations that an enterprise assumes.It is the responsibility of the company management to safeguard the capital investment by undertaking only healthy business ventures which gives good returns on investment.It includes charitable contributions, helping people during floods and earthquakes and many such activites.

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