Match each of the following with its appropriate term. A. Controllable factors B. Cost center C. Metric
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Match each of the following with its appropriate term.
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A. Controllable factors B. Cost center C. Metric D. Goal congruence E. Investment center F. Performance measurement system i. This is the part of an organization in which management is evaluated based on the ability to contain costs; the manager primarily has control only over costs. ii. This means to align the goals of the business with the personal goals of the manager. iii. These components of the organization are components for which the manager is responsible and can control. iv. This is the means to measure something such as a goal or target. v. This is a system that evaluates management in a way that will link the goals of the corporation with those of the manager. vi. For this center, management is responsible for revenues, costs, and assets and is evaluated based on these three components.
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Principles Of Accounting Volume 2 Managerial Accounting
ISBN: 9780357364802
1st Edition
Authors: OpenStax
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