Test Prep Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. This preview shows page 56 - 58 out of 66 pages. 120. Which of the following is NOT an objective of responsibility accounting?A.to redesign processes to be more effectiveB.to align individual and organizational goalsC.to influence behaviorD.to increase profitability121. Which of the following is NOT a common step in an ABM implementation model?A.Systems planningB.Assess Value Content of ActivitiesC.Identify, Define, and Classify ActivitiesD.All of these are common steps.122. Which of the following is NOT an essential element of responsibility accounting?A.assigning responsibilityB.establishing performance measuresC.evaluating performanceD.ridiculing poor performers123. The responsibility accounting system developed for operations in a continuousimprovement environment would beA.financial-based responsibility accounting.B.functional-based responsibility accounting.C.activity-based responsibility accounting.D.strategy-based responsibility accounting. We have textbook solutions for you! The document you are viewing contains questions related to this textbook. Managerial Accounting: The Cornerstone of Business Decision-Making Hansen/Mowen Expert Verified 124. Which of the following is descriptive of activity-based responsibility accounting?A.It assumes that activities can be collected into independent subgroups.B.Its focus is the organization.C.It assigns responsibility to processes.D.Its standards are engineered and tend to be static.125. Which of the following is descriptive of financial-based responsibility accounting?A.It assumes that activities are linked.B.It assigns responsibility to organization units.C.Its control emphasis is costs.D.Its goal is continuous improvement.126. Which of the following is NOT a necessary essential element of activity-basedresponsibility accounting?A.Process management requires significant group activity.B.Performance evaluation employs dynamic standards.C.Performance evaluation uses only financial measures.D.Performance evaluation is based on optimal standards.127. The process which refers to the performance of a process in a new way to achievemajor improvements is called:A.Process improvementB.Process creationC.Process innovationD.Process efficiency128. Process improvement can be defined asA.The performance of a process to achieve major improvements.B.The adoption of new processes to meet strategic objectives.C.The incremental or continual increases in the efficiency of a process.D.The expression of performance measures in financial terms.129. The process which refers to incremental or continual increases in the efficiency ofan existing product is called:A.Process eliminationB.Process innovationC.Process creationD.Process improvement Upload your study docs or become a Course Hero member to access this document Upload your study docs or become a Course Hero member to access this document End of preview. Want to read all 66 pages? Upload your study docs or become a Course Hero member to access this document We have textbook solutions for you!The document you are viewing contains questions related to this textbook. The document you are viewing contains questions related to this textbook. Managerial Accounting: The Cornerstone of Business Decision-Making Hansen/Mowen Expert Verified Newly uploaded documentsNewly uploaded documentsWhich of the following is not a responsibility accounting?Accounting centre is not applicable to responsibility accounting.
Which one of the following is not included in responsibility center?Sales center is not a responsibility center as it only defines the amount of sales of an organisation in a particular year or period.
Which of the following is a feature of responsibility accounting?Features of Responsibility Accounting
Responsibility accounting system can be implemented only on the basis of due information of input and output. The monetary term of inputs is costs, and outputs are correspondingly called revenues. Hence, cost and revenue information is crucial for responsibility accounting.
What are the types of responsibility in accounting?Responsibility Accounting is an accounting system where different individuals are assigned accounting responsibilities in distinguishing areas of cost control. There are four types of responsibility centers, namely the cost center, revenue center, profit center, and investment center.
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Which of the following is not appropriate in management responsibility accounting?
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