Which of the Following Is True of Responsibility Accounting

question 21

Multiple Choice

Which of the following is true of responsibility accounting?

• A) It suggests that foreign subsidiaries should be held responsible for profitability of the parent companies.
• B) Responsibility accounting suggests that local manager should be held responsible for the translation adjustment.
• C) It suggests that costs, revenues, assets, and liabilities should be traced to the individual manager who is responsible for them.
• D) It suggests that managers should be held accountable for items that are both controllable and uncontrollable.

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Definitions:

Proactive Behaviours

Proactive behaviours involve taking initiative and acting in advance of a future situation, rather than just reacting, to change or control a situation.

Feedback Seeking

Requesting information about how one is performing one’s tasks and role.

Relationship Building

The development of positive connections between individuals through communication, shared experiences, and mutual respect.

Developmental Network

A group of individuals and mentors who provide support, guidance, and resources for a person's professional or personal growth.