A responsibility accounting system is designed to measure, Ask an Expert

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A responsibility accounting system: Is designed to measure the performance of managers in terms of uncontrollable costs. Can be applied at any level of an organization. Assigns responsibility for costs to the top managerial level. Is designed to hold a manager responsible for costs over which the manager has no influence. Is well suited to work in an environment without clear lines of responsibility and authority.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9984910

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