Multiple Choice
Which of the following statements regarding management control principles is false?
A) Always expect that individuals will be pulled in the direction of their own self-interest.
B) Design incentives so that individuals who pursue their own self-interest are also achieving the organization's objectives.
C) Evaluate actual performance based on expected or planned performance.
D) Consider financial performance over nonfinancial performance.
Correct Answer:
Verified
Correct Answer:
Verified
Q75: The effort to insure that products and
Q76: Profit centres<br>A) have responsibility for controlling costs
Q77: A responsibility centre whose success is measured
Q78: An investment centre's success is measured only
Q79: A report that displays the financial impact
Q81: A logical integration of management accounting tools
Q82: Which of the following statements is false?<br>A)
Q85: The drive for some selected goal that
Q114: Exists when individuals and groups aim at
Q141: A management control system is a logical