Under responsibility accounting, the evaluation of a manager’s performance is based on matters that the manager:

Related MCQs

• Cost Audit is applicable in case of the companies falling under certain specific categories of industries and for those companies who have been asked by the central government to maintain the cost accounting records and get these cost accounting records audited as per the provisions of of the Companies Act, 2013
• A responsibility center in which the manager is held accountable for the profitable use of assets and capital is commonly known as a(n)
• Controllable costs, as used in a responsibility accounting system, consist of:
• Evaluation of Capital Budgeting Proposals is based on Cash Flows because:
• Classification of responsibility center is based on the nature of the monetary ……………
• The process of evaluating an employee’s current and/or past performance relative to his or her performance standards is called
• When managers of subunits throughout an organization strive to achieve the goals set by top management, the result is
• The responsibility center whose inputs are measured in monetary terms, but whose output is not, is ………………..
• Responsibility centers include
• Responsibility reports for cost centers