Responsibility accounting is defined as a system that
A) measures the results of each responsibility center and compares those results with some measure of expected or budgeted outcome.
B) defines responsibility by function only.
C) measures the results of a manager responsible for revenues and costs.
D) measures actual results against a flexible budget.

Question

Quizplus · Accepted Answer

Responsibility accounting measures the results of each responsibility center and compares those results with some measure of expected or budgeted outcome. Other options do not fully define the concept of responsibility accounting.

Responsibility Accounting Is Defined as a System That