Select the term from the list that best matches the description or definition. Enter the number of the best answer in "Your Answer" column.Your AnswerDefinition or DescriptionTerm?A. Practice of holding a manager responsible for revenue and expense items over which he or she exercises predominant control1. Controllability concept?B. Type of responsibility center where the manager influences only costs and is held accountable for a specific output at a given level of cost2. Cost center?C. Measure of the ability of a firm or segment within a firm to utilize available resources effective to generate a positive return for shareholders3. Decentralization?D. Situation that motivates a manager to act in his or her own best interest even though the corporation as a whole may suffer4.

Question

Investment center?E. The point in an organization where the control over revenue or expense items is located5. Management by exception?F. Type of responsibility center where the manager can influence revenues, expenses, and capital invest in his or her center to attain the best performance possible6. Profit center?G. Type of responsibility center where the manager can influence both revenues and expenses for his or her center7. Residual income?H. Approach that evaluates a manager on his or her ability to maximize the dollar value of earnings above some targeted level of earnings8. Responsibility center?I. When variances from the budget are emphasized in reporting procedures so that management concentrates its attention on those variances from the budget9. Return on investment?J. Practice of delegating authority and responsibility for the operation of business segments10. Suboptimization

What will be an ideal response?

Answer 1