Many Organizations Utilize Responsibility Accounting

question 34

Multiple Choice

Many organizations utilize responsibility accounting

• A) to assist in building performance measures for the organization.
• B) to assist in performance management and evaluation.
• C) solely to evaluate how well employees are handling their responsibilities.
• D) as an alternative to generally accepted accounting principles.

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Definitions:

November

The eleventh month of the year in the Gregorian calendar.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company; includes the cost of materials and labor directly used to create the product.

Production

The act of producing products and offerings.

Finished Goods

Products that have completed the manufacturing process but have not yet been sold or distributed to customers.