What is the definition of the term responsibility accounting?
A) a system that measures business unit results and compares budgeted outcome
B) a system that defines responsibility by function only
C) a system that measures the results of a manager responsible for revenues and costs
D) a system that measures actual results against a flexible budget
Correct Answer:
Verified
Q14: What is an example of goal incongruence?
A)an
Q15: Which department would be classified as a
Q16: What is a manager of a cost
Q17: What are both revenue centre and profit
Q18: Which of the following would be a
Q20: What does responsibility accounting fail to consider?
A)responsibility
B)accountability
C)performance
Q21: The following information pertains to the
Q22: Parker Corporation had sales of $250,000,income of
Q23: Patterson Company had sales of $200,000,net income
Q24: The following information pertains to the
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