Responsibility Accounting Is Defined as a System That

question 85

Multiple Choice

Responsibility accounting is defined as a system that

• A) measures the results of each responsibility center and compares those results with some measure of expected or budgeted outcome.
• B) defines responsibility by function only.
• C) measures the results of a manager responsible for revenues and costs.
• D) measures actual results against a flexible budget.

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Definitions:

Harsh Conditions

Refers to environments or situations that are extremely difficult to endure or survive in due to severe weather, lack of resources, or challenging circumstances.

Task Labor System

A labor system, notably used in plantation agriculture, where enslaved people were assigned specific tasks to complete each day, after which they had some degree of autonomy.

West Africa

A region located in the western part of the African continent, comprising 16 countries and noted for its diverse cultures, languages, and economic activities.

Cotton Belt

describes the southern region of the United States where cotton farming was the dominant agricultural practice before the Civil War, characterized by a high concentration of slave labor.