An Accounting System That Is Set Up to Control Costs

question 166

Multiple Choice

An accounting system that is set up to control costs and evaluate managers' performance by assigning costs to the managers responsible for controlling them is called a(n) :

• A)Cost accounting system.
• B)Managerial accounting system.
• C)Responsibility accounting system.
• D)Financial accounting system.
• E)Activity-based accounting system.

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Definitions:

Appeals Courts

Courts that review and make decisions on cases that have been previously decided in lower courts, focusing primarily on the application of the law.

Appeals Courts

These are higher courts that review the decisions of lower courts to ensure the law was correctly applied and to address any errors. They do not re-evaluate the factual evidence.

Error Evidence

The presentation or use of incorrect information or data, often inadvertently, in arguments, research, or legal proceedings.

Lower Court

Courts that have the jurisdiction to hear and decide on cases first, before they can be appealed to higher courts.