An Accounting System That Is Set Up to Control Costs

question 166

Multiple Choice

An accounting system that is set up to control costs and evaluate managers' performance by assigning costs to the managers responsible for controlling them is called a(n) :

• A)Cost accounting system.
• B)Managerial accounting system.
• C)Responsibility accounting system.
• D)Financial accounting system.
• E)Activity-based accounting system.

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Definitions:

Fifteenth Amendment

A constitutional reform ratified in 1870 in the U.S. which mandated that the right to vote could not be denied based on race, color, or previous enslavement.

Equal Protection

A legal principle found in the Fourteenth Amendment of the US Constitution, requiring states to treat all individuals within its jurisdiction with the same degree of protection under the laws.

Right to Vote

refers to the legal entitlement enabling individuals to participate in the electoral process, choosing representatives and making decisions via referendums.

President Johnson

This term could refer to either Andrew Johnson, the 17th President of the United States who served from 1865 to 1869, or Lyndon B. Johnson, the 36th President from 1963 to 1969.