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Ksivusya [100]
3 years ago
10

A basic idea underlying __________________ is that a manager should be held responsible only for those items that the manager ca

n actually control to a significant extent. A. participative budgeting B. planning and control C. responsibility accounting D. the master budget
Business
1 answer:
lubasha [3.4K]3 years ago
4 0

Answer:

C. Responsibility accounting

Explanation:

The correct answer is C.

Responsibility accounting is a concept of accounting that is used as performance measurement. The main idea is that big and varied organizations are difficult, and almost impossible to manage as one segment, therefore they must be cut into parts or separated into parts that can be managed. These parts, are called responsibility centers that include:

1. Cost centers,

2. Revenue centers,

3. profit centers, and

4. investment centers.

This approach gives room for responsibility to be given to the manager in these parts that have the biggest amount of influence over the key elements that are to be managed.

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Basic characteristic of free market system
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One of the most important things is called  a free enterprise economy
7 0
3 years ago
"In the long run a company that produces and sells kayaks incurs total costs of $15,000 when output is 30 kayaks and $20,000 whe
Oksana_A [137]

Answer:

b. constant returns to scale because average total cost is constant as output rises.

Explanation:

The question has options. Below is the complete question.

<u>Complete Question</u>

In the long run a company that produces and sells kayaks incurs total costs of $15,000 when output is 30 kayaks and $20,000 when output is 40 kayaks. The kayak company exhibits

a. diseconomies of scale because total cost is rising as output rises.

b. constant returns to scale because average total cost is constant as output rises.

c. diseconomies of scale because average total cost is rising as output rises.

d. economies of scale because average total cost is falling as output rises.

The correct answer is explained below.

In the long run a company that produces and sells kayaks incurs total costs of $15,000 when output is 30 kayaks and $20,000 when output is 40 kayaks. The kayak company exhibits  constant returns to scale because average total cost is constant as output rises.

6 0
3 years ago
Read 2 more answers
What is the name given to the operations used by most organizations to
Dmitry [639]
Some thing with the first 5 elements of journalism mainly timeless also contrast and controversy
4 0
3 years ago
Read 2 more answers
Lucky Inc. reported sales revenue of $385,000, operating expenses of $65,000, and a net loss of $23,000 for the most recent fisc
Mademuasel [1]

Answer:

$343,000

Explanation:

Given that,

Sales revenue = $385,000

Operating expenses = $65,000

Net loss = $23,000

Gross profit:

= Net loss + Operating expenses

= - $23,000 + $65,000

= $42,000

Cost of goods sold:

= Sales revenue - Gross profit

= $385,000 - $42,000

= $343,000

Therefore, the amount of cost of goods sold for the Lucky is $343,000.

3 0
3 years ago
During 2018, businesses may elect to immediately expense up to $__________ of qualified real property placed in service that yea
alex41 [277]

Answer:

$1 million

Explanation:

Section 179 deduction of the IRS code was enacted to help small business owners take depreciation deductions for certain assets ( capital expenditure I.e. the money spent on acquiring and maintaining fixed assets such as buildings and equipments ) in one year rather than continuous depreciation over a long period of time.

The new law increased the maximum deduction from $500,000 to $1 million.

For example: lets say you buy a computer for your office, under section 179 you can deduct the full cost of your computer in one year. This a very okay because the life span of your computer is short

5 0
3 years ago
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