Which One of the Following Describes a Responsibility Report

question 66

Multiple Choice

Which one of the following describes a responsibility report?

• A)It is prepared using the CVP income statement format.
• B)It shows all costs that relate to a particular manager's division.
• C)It shows only the variable costs in a manager's division.
• D)It is prepared at the highest level of managerial responsibility.

---

Definitions:

Common Goal

A shared target or aim that a group works together to achieve.

Ethically

In a manner that aligns with moral principles, including fairness, justice, and respect for individuals and communities.

Chief Executive Officers

The highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.

Legitimate Power

A form of authority derived from a position or role that is recognized and accepted by others within an organizational or societal structure.