Indicate Whether Each of the Following Statements Is True or False

Short Answer

Indicate whether each of the following statements is true or false.
A responsibility accounting system is useful for controlling operations but not for evaluating the performance of managers.______
Return on investment is usually calculated by dividing operating income by operating assets.______
Many businesses use the return on investment of departments and other segments in deciding how to allocate resources within the company.______
The use of return on investment to allocate resources within an organization is unlikely to motivate segment managers to improve performance.______
Return on investment for a division should be calculated based on factors the division manager can control.______