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.
D
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What is threat of substitute products or services?
A. High when it is easy for new competitors to enter a market and low when there are significant entry barriers to joining a market. B. The suppliers' ability to influence the prices they charge for supplies (including materials, labor, and services). C. High when there are many alternatives to a product or service and low when there are few alternatives from which to choose. D. The ability of buyers to affect the price they must pay for an item.
Define power and influence and provide an example of each.
What will be an ideal response?
Which of the following is a disadvantage of lean production and just-in-time (JIT) manufacturing systems?
A) Increased customer delivery time B) Increased product defects C) Decreased flexibility of manufacturing facilities D) Increased reliance on fewer suppliers
Choose the correct word or words in parentheses. It was he (who, whom), I believe, I saw on the street yesterday