Which of the Following Is Not an Example of Something

question 103

Multiple Choice

Which of the following is not an example of something monitored by a responsibility accounting system?

• A)Budgets.
• B)Quotas.
• C)Vendor analysis.
• D)Quality standards

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Definitions:

Present Value

The present value of a future amount of money or series of cash inflows, based on a certain rate of return.

Quarterly Payments

Payments that are made four times a year, typically related to dividends, loans, or lease agreements.

Amortization Schedule

A schedule of payments; the schedule shows the amount of interest and the amount of principal in each payment.

Interest on Unpaid Balance

The interest charged on the remaining amount of debt that has not been paid off within a given period.