A Principle of Responsibility Accounting Is That Managers Are Responsible

question 29

True/False

A principle of responsibility accounting is that managers are responsible for controllable and uncontrollable costs.

---

Definitions:

Imperishable Goods

Items or products that do not deteriorate in quality or value over time, such as diamonds or precious metals.

Reusable Goods

Products designed to be used multiple times, reducing waste and environmental impact compared to disposable items.

Nondisposable Goods

Products designed for long-term use and not intended to be thrown away after a few uses, such as appliances or furniture.

Durable Good

A type of goods that are not consumed all at once but rather used or consumed over a long period, such as appliances, furniture, and automobiles.