Responsibility Accounting

question 160

Multiple Choice

Responsibility accounting:

• A)emphasizes controllability
• B)focuses on whom should be asked about the information
• C)attempts to assign blame for problems to a specific manager
• D)All of these answers are correct.

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Definitions:

Performed

Executed or carried out an action or task according to specified procedures or requirements.

Financial Responsibility

Obligation to manage financial resources wisely and fulfill monetary commitments.

Consumer Goods

Products and services that are bought for personal use by individuals.

Real Property

Land and everything attached to it, such as trees and buildings.