Summarized operational data is typically physically stored, while summarized analytical data is typically derived (calculated) rather than physically stored

All of the following statements are correct about controllable costs except

a) all costs are controllable at some level of responsibility within a company. b) fewer costs are controllable as one moves up to each higher level of managerial responsibility. c) all costs are controllable by top management. d) costs incurred directly by a level of responsibility are controllable at that level.

The person who withdraws money from a savings account and uses this money to buy government bonds at a higher return on investment is very likely guided by rational buying motives

Indicate whether the statement is true or false