Which of the following is true about a strategic-based responsibility accounting system?
A)It fails to connect with an organization's overall mission and strategy.
B)It expands the number of responsibility dimensions from one to two.
C)It does not work for firms operating in dynamic environments.
D)It can take the form of a Balanced Scorecard.

Question

Quizplus · Accepted Answer

A strategic-based responsibility accounting system focuses on aligning the efforts of each responsibility center with the organization's overall strategy and goals. The Balanced Scorecard is a commonly used tool for implementing this type of system, allowing for the measurement and management of performance in multiple dimensions, including financial, customer satisfaction, internal processes, and learning and growth. Therefore, option D is the correct choice.

Which of the Following Is True About a Strategic-Based Responsibility