Which of these statements is not true? A responsibility accounting system:
A) Recognises that expenses are the collective responsibility of the organisation
B) Requires managers to participate in the development of financial plans for their unit
C) Measures separately the performance of each manager's area of responsible
D) Holds managers responsible for costs and income over which they have control
Correct Answer:
Verified
Q1: The biggest problem with allocating indirect expenses
Q2: The fixed budget performance report of Discount
Q3: The item,department or job for which costs
Q4: Which of these departments would not be
Q5: Management by exception means:
A)Rewarding exceptional staff
B)Only investigating
Q7: Y Co allocates advertising expenses to its
Q8: The statement that is not true is:
A)Performance
Q9: A flexible is a budget where:
A)The budget
Q10: The Corporation has three departments,Widgets,Ridgets and
Q11: Department A has a gross profit of
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