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.

Answer rating: 100% (QA)

ANSWER B Costs and revenues can be directly associated with the specific level of management respons... View the full answer