Question: 1. In TWO sentences, describe Management by Exception. 2. List THREE advantages of Decentralization. 3. For EACH of the following responsibility centers, describe what the

1. In TWO sentences, describe Management by Exception.

2. List THREE advantages of Decentralization.

3.

For EACH of the following responsibility centers, describe what the manager is responsible for.:

  1. Cost Center
  2. Revenue Center
  3. Profit Center
  4. Investment Center

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