Question

Listed below are terms relating to decentralization and responsibility centres.
Cost centre........ Cost
Accountable ..... Investment
Profit ......... Flexible
Revenue ........ Residual income
Choose the term or terms that most appropriately complete the following statements. The terms can be used more than once.
1. A responsibility centre is any part of an organization for which a manager is for performance.
2. A profit centre is a business segment where the manager has control over and.
3. An investment centre manager is held responsible for the _______________ of the segment.
4. A is often evaluated using budget variances.
5. Centre managers are responsible for initiating investment proposals.


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  • CreatedJuly 08, 2015
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