Many organizations utilize responsibility accounting
A)to increasing the responsibilities of the accountants.
B)to assist in performance management and evaluation.
C)as a substitute to performance measurement.
D)as an alternative to generally accepted accounting principles.

Question

Quizplus · Accepted Answer

Responsibility accounting is used to assign responsibility for the costs and revenues of a particular department or function to a designated manager or individual. This assists in performance management and evaluation by holding individuals accountable for their performance and providing a basis for performance measurement.

Many Organizations Utilize Responsibility Accounting