Under Responsibility Accounting

question 34

Multiple Choice

Under responsibility accounting,

• A)both controllable and non-controllable costs receive the same attention.
• B)cost centres are NOT classified as responsibility centres since there is no revenue responsibility.
• C)as one moves up each level of responsibility in an organization, the responsibility reports become more detailed.
• D)a manager's performance is evaluated based on matters that are directly under that manager's control.

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Definitions:

Olecranon Bursa

A fluid-filled sac located at the tip of the elbow, providing a cushion between the skin and the olecranon process of the ulna bone.

Subcutaneous Nodules

Small, palpable lumps under the skin, often indicative of various conditions, including inflammatory diseases or tumors.

Olecranon Bursa

A sac filled with lubricating fluid located over the olecranon (point of the elbow) to reduce friction between bone and skin.

Rheumatoid Arthritis

A chronic inflammatory disorder affecting the joints, including those in the hands and feet, characterized by painful swelling and potential joint deformity.