All of the Following Are Characteristics That Are Required for Effective

question 37

Multiple Choice

All of the following are characteristics that are required for effective responsibility accounting except:

• A) motivation.
• B) accountability.
• C) centralization.
• D) none of these.

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Definitions:

Opportunity Cost

The cost of forgoing the next best alternative when making a decision.

Production

The process of creating goods or services by combining labor, materials, and capital.

Technological Improvement

The advancement or enhancement of technology, leading to increased efficiency, productivity, or quality in processes or products.

Wage Rates

The amount of compensation an employee receives from an employer in exchange for performing a specific job, typically expressed on an hourly basis.