Responsibility accounting:
A) fosters goal congruence.
B) involves using the various concepts and tools used by management accountants for planning and control.
C) is used to measure the performance of units.
D) All of the given answers

Question

Quizplus · Accepted Answer

Responsibility accounting fosters goal congruence by allowing managers to hold their subordinates accountable for their own areas of responsibility. It involves using concepts and tools such as budgets, performance reports, and variance analysis for planning and control. It is used to measure the performance of units, such as departments or divisions, based on the revenues, costs, and profits that they generate. Therefore, all the given answers are correct.

Responsibility Accounting