Camille and Chika Have Different Reactions to Their Equally Poor

question 17

Multiple Choice

Camille and Chika have different reactions to their equally poor performances on the first exam of the semester. Camille believes that it is her responsibility to do better and that she must make extra effort on the next exam. Chika believes that destiny or fate was involved and that sometimes external forces shape one's life events. Camille has a(n) _______ locus of control, and Chika has a(n) _______ locus of control.

• A) internal; external
• B) external; internal
• C) vertical; horizontal
• D) horizontal; vertical

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Definitions:

Administrative Expense

Expenses incurred in the process of running a company that are not directly tied to a specific product or service, such as salaries of senior executives.

Responsibility Accounting

A system of accountability in which managers are held responsible for those items of revenue and cost—and only those items—over which they can exert significant control. The managers are held responsible for differences between budgeted and actual results.

Significant Variances

Discrepancies between planned and actual figures that are large enough to warrant attention and possibly corrective action by management.

Cost Control

A process of managing and monitoring expenses to keep business operations within a budget.