ch 22 part 7 only

100-200 words please

. . . h22 Case Study- Additional Budget Terms Part 1: Explain and provide a business example for each responsibility center: cost center, profit center and investment center. Explain and compare the responsibility centers to each other. Part 2: Explain and provide an example of a business decision which would be made for each of the responsibility centers: cost center, profit center and investment center. Explain and compare the decisions for responsibility centers to each other. Part 3: Explain and provide a business example for each accounting term: controllable costs and noncontrollable costs. Explain and compare controllable and noncontrollable costs. Part 4: Explain and provide a business example for each accounting term: direct fixed cost and indirect fixed cost. Explain and compare direct and indirect fixed costs. Part 5: Explain how to compute a flexible budget performance report. Explain the benefits of using a flexible budget performance report. Part 6: Explain how to compute return-on-investment (ROI) and residual income. Explain and compare the results for both return-on-investment (ROI) and residual income. Part 7: List and explain the Five (5) Behavioral Principles of Performance Evaluation for a company. Explain the importance of each of the five (5) behavioral principles of performance evaluation. Part 8: Explain the Two (2) issues of management by exception and provide One (1) example for each issue: materiality and controllability of the item. Explain why each management by exception issue is