Which of the Following Statements About Responsibility Accounting Is True

question 164

Multiple Choice

Which of the following statements about responsibility accounting is true?

• A) Managers should be held responsible for all price variances that occur within their department.
• B) Managers should be held responsible for all revenues and costs that occur within their department.
• C) Managers should be responsible for all investment decisions that occur within their department.
• D) Managers should be held responsible for only those things under their control.

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Definitions:

Psychological Disorder

A condition characterized by abnormal thoughts, feelings, or behaviors, significantly impacting daily functioning and often diagnosed according to criteria in standard diagnostic manuals.

Overweight

A condition characterized by having more body fat than is optimally healthy, usually defined by a Body Mass Index (BMI) over 25.

Body Weight

The total mass of an individual, typically measured in kilograms or pounds, often used as an indicator of health.

Psychological Stress

A form of stress caused by mental or emotional pressure, often resulting from challenging or adverse situations.