In a Responsibility Accounting System

question 131

Multiple Choice

In a responsibility accounting system:

• A)Managers are responsible for their departments' controllable costs.
• B)Each accounting report contains all items allocated to a responsibility center.
• C)Organized and clear lines of authority and responsibility are only incidental.
• D)All managers at a given level have equal authority and responsibility.
• E)Outputs of the departments are not part of the evaluation process.

---

Definitions:

Decision-making

The cognitive process of selecting a course of action from among multiple alternatives, often involving considerations of risk and benefit.

Realistic Job Preview

A strategy used by organizations to give potential employees a true picture of what working in a specific role entails, including both its positive and negative aspects.

Job Seekers

Individuals who are actively looking for employment.

Validity Test

An assessment used to determine whether a tool, test, or method accurately measures what it is intended to measure.