ACC 241 - Exam 3 CH 9, 10, 11 Test
Questions Fully Solved 2025-2026
Graded A+.
Budgeting assists management in which of the following areas? - Answer -Motivation
-Planning and setting objectives
-Performance measurement
Which of the following is an advantage of the budgeting process? - Answer -Budgeting
provides a standard for performance evaluation
-Budgeting provides resource information for decision making
-Budgeting improves communication and coordination within the organization
When an organization involves its many employees in the budgeting process in a meaningful
way, the organization is said to be using: - Answer Participative budgeting
"Responsibility accounting" is the concept that says: - Answer Managers should be held
responsible for only those things under their control
The manager of a profit center should not be responsible for which of the following types of
decisions? - Answer Deciding whether or not their segment should purchase additional
machinery
Which type of manager would most likely be held responsible for the return on investment
(ROI) of his segment? - Answer Investment center
A company has computed that their "margin" is .18. Which of the following statements is the
best interpretation of these results? - Answer $.18 of every $1 made in sales is profit
A positive result that stems from the use of return on investment (ROI) is that it encourages
managers to focus on - Answer -The relationship among sales, expenses, and investment
-Operating asset efficiency
-The efficient use of resources in generating income
Questions Fully Solved 2025-2026
Graded A+.
Budgeting assists management in which of the following areas? - Answer -Motivation
-Planning and setting objectives
-Performance measurement
Which of the following is an advantage of the budgeting process? - Answer -Budgeting
provides a standard for performance evaluation
-Budgeting provides resource information for decision making
-Budgeting improves communication and coordination within the organization
When an organization involves its many employees in the budgeting process in a meaningful
way, the organization is said to be using: - Answer Participative budgeting
"Responsibility accounting" is the concept that says: - Answer Managers should be held
responsible for only those things under their control
The manager of a profit center should not be responsible for which of the following types of
decisions? - Answer Deciding whether or not their segment should purchase additional
machinery
Which type of manager would most likely be held responsible for the return on investment
(ROI) of his segment? - Answer Investment center
A company has computed that their "margin" is .18. Which of the following statements is the
best interpretation of these results? - Answer $.18 of every $1 made in sales is profit
A positive result that stems from the use of return on investment (ROI) is that it encourages
managers to focus on - Answer -The relationship among sales, expenses, and investment
-Operating asset efficiency
-The efficient use of resources in generating income
