Fill in the following blanks. In some cases choices are provided.

(i) Responsibility accounting focuses on ______________________.

(ii) _______________is a sub-unit of an organisation under the control of a manager who is responsible for its activities.

(iii) Responsibility centres are: ______________________

(iv) A sub unit of an organisation whose financial performance is measured in terms of cost is referred to as_________________

(v) Division of an organisation in which financial performance is measured on the basis of revenues expenses is known as ____________________

(vi) ____________________is a price used to measure the value of goods/services furnished by a profit centre to other responsibility centres within a firm.

(vii) Controllable segment margin = Sales revenue (–) Controllable variable costs (–) __________________

(viii) Segment profit contribution = Controllable segment margin (–) _______________________

(ix) That method of transfer pricing in which the transferring division is credited with one price and acquiring division is charged with different price is known as _______________

(x) _________________considers not only costs and revenues but also the assets used in the division.

(xi) Segment ROI = Segment profit contribution/ ____________________-

(xii) Segment residual income = Segment profit contribution - (Segment assets * ___________________).
(xiii) Corporate/firm's net income = S segment profit contribution from all divisions of a firm (–) ___________________

(xiv) Fixed costs that are directly and exclusively related to the decisions of the management of a division are referred to as ______________

(xv) Sales revenue (–) controllable variable costs =____________________