Which of the following statements regarding responsibility centres is false?
A) Responsibility centres usually have one objective.
B) Management control systems monitor responsibility centre objectives.
C) Responsibility centres are usually classified according to their financial responsibility.
D) Cost centres, profit centres and investments centres are all examples of responsibility centres.
Correct Answer:
Verified
Q23: The drive for some selected goal that
Q24: Which of the following is NOT a
Q25: A responsibility centre whose success is measured
Q26: The first step in designing a management
Q27: Profit centres
A) have responsibility for controlling costs
Q29: An internal control system consists of all
Q30: To create a management control system that
Q31: An effective management control system gives each
Q32: To achieve maximum benefits at minimum cost,
Q33: Specific tangible achievements that can be observed
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