Responsibility Accounting System

question 88

Multiple Choice

Responsibility accounting system

• A)A department or unit that incurs costs without directly generating revenues.
• B)A center in which a manager is responsible for using the center's assets to generate income for the center.
• C)Costs that are incurred for the joint benefit of more than one department and cannot be readily traced to only one department.
• D)Costs readily traced to a specific department because they are incurred for the sole benefit of that department.
• E)Costs incurred to produce two or more products at the same time.
• F)Costs that a manager can strongly influence or control.
• G)A department that incurs costs and generates revenues.
• H)Assigns managers the responsibility for costs and expenses under their control.

Learn about the conditions facilitating the ease of raising equity capital for various business structures.

Understand the impact of the U.S. tax system on the purchase and provision of health insurance.

Comprehend the role and impact of third-party payments in the healthcare sector.

Grasp the relationship between health insurance provision through employers and its effects on job mobility and insurance coverage.

---

Definitions:

Prison Sentence

The punishment assigned by a court, typically involving incarceration, for someone convicted of a crime.

Physically Attractive

The attribute of being appealing or pleasing in appearance to the sensory perceptions of others.

Alpha Level

The probability of incorrectly rejecting the null hypothesis that is used by a researcher to decide whether an outcome of a study is statistically significant (most commonly, researchers use a probability of .05).

Statistical Significance

Rejection of the null hypothesis when an outcome has a low probability of occurrence (usually .05 or less) if, in fact, the null hypothesis is correct.