Question

If a supervisor only holds a manager accountable for activities over which​ he/she has authority​ and/or...

If a supervisor only holds a manager accountable for activities over which​ he/she has authority​ and/or control, that manager is practicing​ ___________.

A.

responsibility accounting

B.

respectability reporting

C.

operations planning

D.

sensitivity analysis

Homework Answers

Answer #1

Answer: Responsibility Accounting

Explanation:

Responsibility accounting is a system of accounting where specific persons are made responsible for the accounting of particular areas and cost control. If that cost increases, then the person will be held accountable and answerable. In this type of accounting system, responsibility is assigned based on a person’s knowledge and skills, and the proper authority is given to that person so that he can make a decision and show his performance.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Question 1: The new CEO of a company decides to measure performance based on earnings growth...
Question 1: The new CEO of a company decides to measure performance based on earnings growth and give every office manager in the company (300 of them) a bonus of 20% if earnings growth exceeds 10% and no bonus otherwise. Why might this be a poor incentive system? Select one: a. It will cost the company too much money. b. It fails to hold people responsible for things they control that matter to the company. c. It holds each manager...
Deborah Lewis, general manager of the Northwest Division of Berkshire Co., has significant authority over pricing...
Deborah Lewis, general manager of the Northwest Division of Berkshire Co., has significant authority over pricing decisions as well as programs that involve cost reduction/control. The data that follow relate to upcoming divisional operations:                         Average invested capital: $15,000,000             Annual total fixed costs: $3,900,000             Variable cost per unit: $80             Number of units expected to be sold: 120,000 Assume the unit selling price is $132 and that Berkshire has a 16% imputed interest charge. Top management will...
After the auditor has prepared a flowchart of an accounting process and the internal accounting controls...
After the auditor has prepared a flowchart of an accounting process and the internal accounting controls surrounding that process, he or she decides that appropriately designed controls are not in place. Therefore, he or she would A) plan to perform substantive tests to obtain assurance. B) plan to issue a qualified opinion on internal control over financial reporting. C) investigate the possibility of fraud. D) test controls to confirm that conclusion.
Fazila attends a university in which each class holds only once a week. She has to...
Fazila attends a university in which each class holds only once a week. She has to decide between 30 classes that do not overlap with one another. There are 6 classes to choose from for each day of the week and the university follows the rule of 5 day working week spanning from Monday to Friday. Fazila decides to register for 7 randomly selected classes out of the 30, with all choices equally likely. What is the probability that she...
An agent is generally not liable on a contract when he or she does which of...
An agent is generally not liable on a contract when he or she does which of the following? a) Agent contracts by deed in their own name b) Agent does not disclose the existence of the principal c) Agent discloses the fact that a principal exists but does not disclose the name of the principal d) Agent contracts outside the scope of the authority they have been given
Which of the following best illustrates moral hazard? a. A person holds stocks from only a...
Which of the following best illustrates moral hazard? a. A person holds stocks from only a few corporations. b. A person holds stock only in very risky corporations. c. After a person obtains life insurance, she takes up skydiving. d. A person obtains insurance knowing he is in poor health. 2. A scholarship gives you $1,000 today and promises to pay you $1,000 one year from today. What is the present value of these payments? a. $1,000/(1 + r) +...
You are a new employee just hired with Alkozai Inc. Your supervisor has explained your job...
You are a new employee just hired with Alkozai Inc. Your supervisor has explained your job to you and had indicated that you will have a great deal of control over your job once you develop your skills and prove yourself. He compliments your work history, your attitude towards accepting challenging responsibilities. As your first task he assigns you to critically review your JD as well as those of the other team members and not only suggesting restricting those JD...
Project Integration Management Questions Only A team member notifies you, after the fact, that she has...
Project Integration Management Questions Only A team member notifies you, after the fact, that she has added extra functionality to the project. There was no impact on the cost or schedule. What should be done as a result of this change? Make sure marketing is aware of the change. Implement change control processes to track the change. Inform the customer. Understand what functionality was added. You are having difficulty getting a project underway. You have not been able to get...
If a salesperson has gross sales of over​ $600,000 in a​ year, then he or she...
If a salesperson has gross sales of over​ $600,000 in a​ year, then he or she is eligible to play the​ company's bonus​ game: A black box contains 2 ​one-dollar bills, 1​ five-dollar bill and 1​ twenty-dollar bill. Bills are drawn out of the box one at a time without replacement until a​ twenty-dollar bill is drawn. Then the game stops. The salesperson's bonus is​ 1,000 times the value of the bills drawn. Complete parts​ (A) through​ (C) below. (A)...
1. Which of the following is true of apparent authority? A. It arises when an agent...
1. Which of the following is true of apparent authority? A. It arises when an agent falsely claims to be acting under the authority of a principal. B. It requires express authorization, in words or writing, from the principal to the agent. C. It arises when the principal leads a third party to reasonably believe that an agent is authorized to act for the principal. D. It can only arise when the principal owes the agent a fiduciary duty. 2....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT