The statement concerning responsibility accounting that is untrue is:
A) For successful budgeting responsibility must be clearly defined
B) A manager is held responsible for the activities of his/her department
C) The choice of responsibility centres in an organisation depends on its characteristics
D) Responsibility centres are usually determined by differences in the product the firm produces
Correct Answer:
Verified
Q19: How many of these are the
Q20: Which statement is true?
A)Most firms prepare cash
Q21: The c_ expenditure budget shows the planned
Q22: A budget performance report is being prepared
Q23: Large favourable variances between actual and planned
Q26: A benefit of budgeting is that it
Q27: The untrue statement is:
A)A properly prepared budget
Q28: A b_ is a detailed plan that
Q29: Which of these is part of the
Q29: The master budget consists of two major
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