Budgets and performance reports should be developed on the basis of
A) responsibility accounting.
B) generally accepted accounting principles.
C) financial accounting standards.
D) managerial accounting standards.
Answer: A) responsibility accounting.
Business
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Indicate whether the statement is true or false
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A) 80 hours per week, travel heavily, and face tight deadlines. B) 30 hours per week from your home and receive high pay. C) only from midnight until 8 a.m. D) during certain seasons, such as the tax season.
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