Which Statement Is Not True? Responsibility Accounting

question 67

Multiple Choice

Which statement is not true? Responsibility accounting

• A)involves both a top-down and bottom-up flow of information
• B)acknowledges that some economic events cannot be traced to any manager
• C)creates a budget
• D)compares actual performance with budget

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Definitions:

Superseding Cause

An intervening act or event that breaks the direct connection between the original wrongful act and the injury that occurred, relieving the original offender of liability.

Substantial Factor

A significant element or cause that contributes in a meaningful way to a particular outcome.

Foreseeable

A condition or event that is predictable or should have been anticipated in the course of planning or decision making.

Restatement Second Torts

A legal document summarizing the general principles of American tort law, including definitions and conceptual distinctions.