Select the incorrect statement concerning the application of the controllability concept to responsibility accounting. Multiple Choice...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Select the incorrect statement concerning the application of the controllability concept to responsibility accounting. Multiple Choice As a practical matter, control of costs or revenues may be shared rather than absolute. The concept of control is crucial to an effective responsibility accounting system. Managers lose motivation when they are held accountable for actions that are beyond their scope of control. Each manager should be evaluated on the costs but not the revenues that are under his or her control Select the incorrect statement concerning the application of the controllability concept to responsibility accounting. Multiple Choice As a practical matter, control of costs or revenues may be shared rather than absolute. The concept of control is crucial to an effective responsibility accounting system. Managers lose motivation when they are held accountable for actions that are beyond their scope of control. Each manager should be evaluated on the costs but not the revenues that are under his or her control
Expert Answer:
Related Book For
Business Law Text and Cases
ISBN: 978-1285185248
13th edition
Authors: Kenneth Clarkson, Roger LeRoy Miller, Frank Cross
Posted Date:
Students also viewed these mechanical engineering questions
-
Select the incorrect statement from the following. Options: 1) The difference between a direct cost and an indirect cost is that the direct cost is physically present in the cost object. 2) Actual...
-
Select the incorrect statement regarding the contribution margin income statement. A) The contribution margin approach for the income statement is unacceptable for external reporting B) The...
-
Select the incorrect statement about biomaterials and biocompatibility: Bioinert biomaterials cause no host response. The definition of a biomaterial is: A material intended to interface with...
-
A random variable follows the continuous uniform distribution between 60 and 95. a. Calculate the following probabilities for the distribution: 1. P(x > 63) 2. P(x > 70) 3. P(x > 88) 4. P(x = 75) b....
-
A county commissioner must vote on a resolution that would commit substantial resources to the construction of a sewer in an outlying residential area. Her fiscal decisions have been criticized in...
-
What are the appropriate ABC groups of inventory items? ABC Analysis Stock Number Annual Percent of Annual S Volume Volume 124 12,500 46.2 9,000 33.3 3,200 11.8 5.8 R26 LO2 M12 1,550 P33 620 2.3 T72...
-
Find the global stiffness matrix of each of the four bar elements of the truss shown in Fig. 12.5 using the following data: Nodal coordinates: \(\left(X_{1}, Y_{1} ight)=(0,0) \mathrm{m},\left(X_{2},...
-
What effect does organizational structure and compensation have on ethical behavior among chief executives at ARC? The American Red Cross (ARC) is an independent organization, supported by public...
-
What is the company's WACC? Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.
-
Shauna Coleman is single. She works as an architectural designer for Streamline Design (SD). Shauna wanted to determine her taxable income. She correctly calculated her AGI. However, she wasn't sure...
-
There are some typical input artifacts for object-oriented design. identify some of the input artifacts ?
-
The euro raplaced member state currencies in 1999 to establish a single currency area under EMU. Give three advantages to single currency for members and suggest the reasons why some countries opted...
-
What is the exact difference between mobile application development platform and framework ?
-
What is Design Thinking? Explain the principles of Design Thinking.
-
What is SWOT Analysis? Explain its uses.
-
Why did the struggling MSME owner become a magician?
-
Dated PR Debit Account Number 301 Credit Balance Use the May 31 fiscal year-end information from the following ledger accounts (assume that all accounts have normal balances). M. Muncel, Capital...
-
Rowland Textile Inc. manufactures two products: sweatshirts and T-shirts. The manufacturing process involves two activities: cutting and sewing. Expected overhead costs and cost drivers are as...
-
1. What is a material breach of contract? When a material breach occurs, what are the nonbreaching partys options? 2. What is a minor breach of contract? When a minor breach occurs, is the...
-
In selling a house, Matt tells Ann that the wiring, fixtures, and appliances are of a certain quality. Matt knows nothing about the quality, but it is not as specified. Ann buys the house. On...
-
Facebook has numerous computers, all programmed by humans, of course. If Facebooks computers make decisions that allow your private information to be shared without your knowledge, should the First...
-
A piece of red hot iron is suddenly plunged into \(10 \mathrm{~kg}\) of water at \(20^{\circ} \mathrm{C}\). The temperature of water rises to \(55^{\circ} \mathrm{C}\). Calculate the change in...
-
A reverse Carnot engine is used for the heating of a building. The building receives \(209 \mathrm{~kJ} / \mathrm{h}\) of heat at \(20^{\circ} \mathrm{C}\) from a heat pump. The outside air...
-
A hot iron having specific heat \(0.5 \mathrm{~kJ} / \mathrm{kg} \mathrm{K}\), mass \(30 \mathrm{~kg}\) and temperature \(500^{\circ} \mathrm{C}\) is dropped into \(200 \mathrm{~kg}\) of oil of...
Study smarter with the SolutionInn App