Which One of the Statements About a Responsibility Report Is

question 45

Multiple Choice

Which one of the statements about a responsibility report is correct?

• A)It contains controllable and non-controllable costs.
• B)It compares actual costs with static budget data.
• C)A distinction is made between variable and fixed costs.
• D)It is used to evaluate investment centres, but not cost or profit centres.

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Definitions:

Delphinium Nudicaule

A species of perennial flower in the buttercup family known for its vivid red-orange flowers, commonly referred to as the red larkspur.

Punctuated Equilibrium

Model of evolutionary change in a species which suggests that there are long periods of little or no change, followed by brief periods of rapid speciation.

Phyletic Gradualism

Phyletic gradualism is an evolutionary model suggesting that species evolve through a gradual change of populations over long periods of time.