For higher levels of management, responsibility accounting reports:
A) are more detailed than for lower levels of management.
B) are more summarized than for lower levels of management.
C) contain almost the same level of detail as reports for lower levels of management.
D) are rarely provided or reviewed.

Question

Quizplus · Accepted Answer

Higher levels of management are responsible for making strategic decisions based on summarized data. Responsibility accounting reports for these levels of management are often more summarized and contain less detail than those for lower levels of management, who require more detailed information to make operational decisions.

For Higher Levels of Management, Responsibility Accounting Reports