The Basic Idea Underlying Responsibility Accounting Is That Each Manager

question 120

True/False

The basic idea underlying responsibility accounting is that each manager should be held responsible for the overall profit of the company to ensure that all managers are acting together.

---

Definitions:

Neutrality Acts

A series of laws passed in the 1930s by the United States Congress aimed at preventing the nation from becoming involved in foreign conflicts, particularly in the lead-up to World War II.

Japanese Aggression

The militaristic and expansionist policies pursued by Japan in the late 19th and early 20th centuries, leading to its involvement in conflicts and the occupation of neighboring countries.

Diplomatic Leader

A person who demonstrates skill in managing negotiations and relationships between nations with tact, sensitivity, and acumen.

Franklin Roosevelt

The 32nd President of the United States, serving from 1933 to 1945, known for his leadership during the Great Depression and World War II, and for establishing the New Deal to address economic hardship.