In Responsibility Accounting Systems,managers Never Are Held Responsible for Items

question 62

True/False

In responsibility accounting systems,managers never are held responsible for items over which they have less than absolute control.

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Definitions:

Operations

the day-to-day activities required for a business to function effectively, including production, supply chain, and service delivery.

Continuous Improvement

Continuous improvement is an ongoing effort to enhance products, services, or processes through incremental improvements over time or breakthrough improvements all at once.

Total Quality Management

A management approach focused on continuous improvement of processes, products, and services by involving all members of an organization.

Contingency Theory

A leadership theory that suggests the effectiveness of a leader is contingent upon how well the leader's style matches the context or situation.