A Responsibility Accounting System Ensures That

question 94

Multiple Choice

A responsibility accounting system ensures that

• A)generally accepted accounting principles reporting requirements are met.
• B)managers will not be held responsible for items they cannot change.
• C)99 percent of businesses utilizing such a system will be profitable.
• D)easy correlations between revenues and costs can be drawn.

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Definitions:

Perform

To carry out an action or activity, often implying the execution is done with a particular purpose or skill level in mind.

Solid Development

A process or approach towards achieving robust and durable growth in various contexts, such as personal skills or business expansion.

Slow-To-Act Leader

A leader who tends to be hesitant or takes longer to make decisions or initiate actions.

Positional Leadership

Authority or influence derived from one's formal position within an organization, rather than personal qualities or achievements.