Select the Incorrect Statement Concerning Responsibility Reports

question 48

Multiple Choice

Select the incorrect statement concerning responsibility reports.

• A) The reports should be stated in simple terms.
• B) The reports should show clearly the budgeted and actual amounts of controllable revenues and expenses.
• C) At the corporate level, responsibility reports generally include year-to-date contribution format income statements.
• D) The reports become more specific for higher levels within the organization.

---

Definitions:

Wheelchair Ramp

A slope installed in addition to or instead of stairs to allow wheelchair users and individuals with disabilities to access buildings.

Designated Groups

Specific segments of the population that are protected under affirmative action and equal opportunity policies, often including women, minorities, and individuals with disabilities.

Median Pay

Median pay refers to the middle value of wages in a range of pay rates, where half of the workers earn less and half earn more.