Which Statement About Controllability Is NOT True

question 126

Multiple Choice

Which statement about controllability is NOT true:

• A)few costs are clearly under the sole influence of one manager
• B)holds managers responsible for uncontrollable costs
• C)with a long enough time span, all costs will come under somebody's control
• D)describes the degree of influence that managers have over a particular item

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Definitions:

Demand Function

A mathematical relationship expressing the quantity of an item demanded at various prices.

Marginal Costs

The amount spent to produce a further unit of a good or service.

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium for a good or service is not achieved or is not achievable.

Coefficient Of Monopsony

A measure indicating the degree of market power held by a single buyer in a market.