The degree of influence that a manager would have on the revenues, cost, profit and investment is known as __________?
Correct answer: A. controllability
- A. controllability
- B. influential power
- C. responsibility
- D. all of above
Explanation
Controllability refers to the extent to which a manager can influence revenues, costs, profits, or investments assigned to that manager. Influential power and responsibility are related ideas but are not the specific term used for this degree of influence.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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