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.
Accounting
Growth Accounting for Europe, A.D. 500–1700
Midsagittal section indicating locations of true and false pelves
MANAGEMENT ACCOUNTING
question in cost accounting