Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Choose ALL the correct answers. Describe responsibility accounting Question 1 options: a) Without some form of responsibility accounting, there would be chaos in discharging management's

Choose ALL the correct answers.

Describe responsibility accounting

Question 1 options:

a)

Without some form of responsibility accounting, there would be chaos in discharging management's control function.

b)

Costs and revenues can be directly associated with the specific level of management responsibility.

c)

All companies use responsibility accounting

d)

Performance evaluation is at the center of responsibility accounting.

e)

Budget data can be developed for evaluating the manager's effectiveness in controlling the costs and revenues.

f)

The costs and revenues can be controlled by employees at the level of responsibility with which they are associated.

g)

Responsibility accounting is especially valuable in a decentralized company.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

4th Edition

0471730513, 978-0471730514

More Books

Students also viewed these Accounting questions