In a Responsibility Accounting System

question 131

Multiple Choice

In a responsibility accounting system:

• A)Managers are responsible for their departments' controllable costs.
• B)Each accounting report contains all items allocated to a responsibility center.
• C)Organized and clear lines of authority and responsibility are only incidental.
• D)All managers at a given level have equal authority and responsibility.
• E)Outputs of the departments are not part of the evaluation process.

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Definitions:

Antibiotics

Medicinal substances used to kill or inhibit the growth of bacteria to treat and prevent bacterial infections.

Emulsification

The process of breaking up and evenly dispersing fat or oil in a liquid to form a stable mixture, such as in making mayonnaise or vinaigrettes.

Peristalsis

The series of wave-like muscle contractions that moves food through the digestive tract.

Hydrolysis

Hydrolysis is a chemical reaction in which water is used to break down the bonds of a compound, often splitting molecules into two or more smaller substances.