72) Which of the following statements about line authority is TRUE? Line authority A) is similar to staff authority. B) is indirectly related to the basic activities of an organization. C) is exerted upwardly from subordinates. D) includes the authority to command action 73) Broad concepts or guidelines and detailed practices, including all conventions, rules, and procedures that together make up accepted accounting practice at a given time. 74) The person from whom the controller derives authority to set accounting procedures. 75) Weighing known costs against probable benefits, the primary consideration in choosing among accounting systems and methods. 76) A quantitative expression of a plan of action, and an aid to coordinating and implementing the plan 77) Deviations from plans. 78) Concentrating on areas that deserve attention and ignoring areas that are presumed to be running smoothly