Management by exception Question 18 options:means that material differences will be investigated. means that all differences will be investigated. causes managers to be buried under voluminous paperwork. means that only unfavorable differences will be investigated.

Which of the following is not a true statement? Question 22 options: All costs are controllable at some level within a company. The term segment is sometimes used to identify areas of responsibility in decentralized operations. Fewer costs are controllable as one moves up to each higher level of managerial responsibility. Responsibility accounting applies to both profit and not-for-profit entities. ?

Which responsibility centers generate both revenues and costs? Question 24 options: Investment and profit centers Cost and investment centers Only profit centers Profit and cost centers