Which of These Statements Is not True? a Responsibility Accounting

question 47

Multiple Choice

Which of these statements is not true? A responsibility accounting system:

• A)Recognises that expenses are the collective responsibility of the organisation
• B)Requires managers to participate in the development of financial plans for their unit
• C)Measures separately the performance of each manager's area of responsible
• D)Holds managers responsible for costs and income over which they have control

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Definitions:

Confidential Information

Confidential Information refers to non-public data or knowledge secured by privacy or confidentiality agreements and protected from unauthorized disclosure.

Spousal Abuse

Any form of maltreatment by one partner against the other in an intimate relationship, can be physical, emotional, or sexual.

Conflict-of-Interest Rule

Regulation or policy designed to minimize bias by preventing individuals from participating in decisions where they have personal interest.

Ethical Situation

Circumstances involving moral principles or decisions about right and wrong in professional or personal contexts.