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Author Question: Which of the following is true of responsibility accounting? (Read 189 times)

javeds

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Question 1

Which of the following is the fundamental purpose of responsibility accounting?
◦ to penalize managers for inefficiency
◦ to gather information that will enable future improvement
◦ to create an efficient and centralized organization
◦ to evaluate the performance of managers

Question 2

Which of the following is true of responsibility accounting?
◦ It is a system that measures the plans, budgets, actions, and actual results of a responsibility center.
◦ It is an arrangement of lines of responsibility and authority within a responsibility center.
◦ It explicitly incorporates continuous improvement and changes due to learning curve.
◦ It examines how a result will change if the original plan is not achieved.


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Marked as best answer by javeds on Mar 6, 2021

Laurenleakan

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javeds

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)


shailee

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Reply 3 on: Yesterday
Excellent

 

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