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Chapter 24 Performance Measurement and Responsibility Accounting questions with answers. $9.39   Add to cart
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Chapter 24 Performance Measurement and Responsibility Accounting questions with answers.
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  • CIMP - Certificate in Investment Performance Measurement
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  • CIMP - Certificate In Investment Performance Measurement

Chapter 24 Performance Measurement and Responsibility Accounting questions with answers.

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  • September 27, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • chapter 24 performance measurement and responsibil

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  • CIMP - Certificate in Investment Performance Measurement
  • CIMP - Certificate in Investment Performance Measurement

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Chapter 24 Performance Measurement
and Responsibility Accounting
questions with answers.
Decentralized organizations ANS -Organization in which decision-making authority is held by the
managers who are closest to the operating activities.



Cost Center ANS -The business segment that incurs costs but that does not directly generates revenue.



Profit Center ANS -A responsibility center that incurs costs and also generates revenues.



Investment Center ANS -A business segment whose manager has control over cost, revenue, and
investments in operating assets.



Responsibility Accounting System ANS -a system for evaluating the performance of each responsibility
center and its manager



Controllable Costs ANS -costs that a manager has the power to control or at least strongly influence



Uncontrollable Costs ANS -Costs that a manager does not have the power to determine or strongly
influence.



Responsibility Accounting Budgets ANS -Budget that uses the concept of controllable costs to assign
managers the responsibility for costs and expenses under their control



Responsibility Accounting Performance Report ANS -System that reports actual expenses that a
manager is responsible for and their budgeted amounts.



departmental contribution to overhead ANS -Report of Sales less Direct Expenses

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