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In a responsibility accounting system: Multiple Choice Organized and clear lines of authority and responsibility are only incidental. All managers at a given level have

In a responsibility accounting system:

Multiple Choice

  • Organized and clear lines of authority and responsibility are only incidental.

  • All managers at a given level have equal authority and responsibility.

  • Each accounting report contains all items allocated to a responsibility center.

  • Managers are responsible for their departments' controllable costs.

  • Outputs of the departments are not part of the evaluation process.

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