Which of the Following Statements Concerning Responsibility Accounting Is Incorrect

question 56

Multiple Choice

Which of the following statements concerning responsibility accounting is incorrect?

• A) Responsibilities must be clearly defined for budgeting to be successful.
• B) A manager is held responsible for the activities of his/her department.
• C) The choice of responsibility centres in an organisation depends on its characteristics.
• D) Responsibility centres are usually determined by differences in the product the firm produces.

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Definitions:

Limelight

Limelight refers to the center of public attention or interest.

Leadership Effectiveness

The degree to which a leader is capable of achieving desired outcomes, influencing followers, and meeting organizational goals.

Intelligence

The ability to learn, understand, and apply knowledge, solve problems, and adapt to new situations.

Group Member

An individual who belongs to a specific group or team and contributes towards group activities and objectives.