Question

Managerial accountants have a single role within an organization, collecting and

reporting costs to management.
True or False

Answer 1

In a proprietary colony, the proprietors have responsibilities beyond just collecting profits.

Step-by-step explanation:

In a proprietary colony, the proprietors have no responsibilities except to collect the profits.

This statement is false.

In a proprietary colony, the proprietors not only collect the profits but also have various responsibilities and duties related to governing the colony. They may have the power to make laws, appoint officials, manage resources, and maintain order within the colony.