Which of the Following Is the Fundamental Purpose of Responsibility

question 182

Multiple Choice

Which of the following is the fundamental purpose of responsibility accounting?

• A) to penalize managers for inefficiency
• B) to gather information that will enable future improvement
• C) to create an efficient and centralized organization
• D) to evaluate the performance of managers

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Definitions:

Mean

The average of a set of numbers, calculated by adding them up and dividing by the count of numbers.

Mean Household Income

The average amount of money earned by households in a particular demographic or area.

Households in Michigan

The units of living quarters where the occupants live together, located within the geographical limits of Michigan.

Box and Whisker Plot

A graphical method to depict groups of numerical data through their quartiles, highlighting the median and variability of the data set.