menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Information Systems Study Set 17
  4. Exam
    Exam 8: Financial Reporting,and Management Reporting Systems
  5. Question
    Which Statement Is Not True? Responsibility Accounting
Solved

Which Statement Is Not True? Responsibility Accounting

Question 67

Question 67

Multiple Choice

Which statement is not true? Responsibility accounting


A) involves both a top-down and bottom-up flow of information
B) acknowledges that some economic events cannot be traced to any manager
C) creates a budget
D) compares actual performance with budget

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q62: Each account in the chart of accounts

Q63: Employees who are responsible for a task

Q64: Which steps in the financial accounting process

Q65: Which statement is not true?<br>A)The journal voucher

Q66: Operational control decisions<br>A)set the goals and objectives

Q68: An income statement is an example of

Q69: Contrast the four decision types: strategic planning,tactical

Q70: Standards are the basis for evaluating actual

Q71: An inventory out-of-stock report is an example

Q72: What distinguishes big data analytics from small

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines