Most multinational organisations structure their operations using the divisional structure rather than the traditional functional structure. This is meant to achieve certain objectives of responsibility accounting.

$($a$)$ Define a $$division$.(2$ Marks$)$

$($b$)$ Identify and contrast the three $(3)$ main types of responsibility centre.

$(3$ Marks$)$

$($c$)$ State the three $(3)$ main objectives of transfer pricing. $(3$ Marks$)$

$($d$)$ Explain any four $(4)$ bases that can be used for setting transfer prices.

$(8$ Marks$)$

$($e$)$ List any four $(4)$ measures that can be used to assess the performance of divisions.