A responsibility center in which the manager is held accountable for the profitable use of assets and capital is commonly known as a(n)

Related MCQs

• Under responsibility accounting, the evaluation of a manager’s performance is based on matters that the manager:
• In case of discretionary expense center, the financial center is primarily exercised at ………. Stage.
• Classification of responsibility center is based on the nature of the monetary ……………
• The responsibility center whose inputs are measured in monetary terms, but whose output is not, is ………………..
• In a responsibility report for a profit center, controllable fixed costs are deducted from contribution margin to show:
• A cost center manager
• Which of the following would have a low likelihood of being organized as a profit center?
• In a revenue center the primary measurement is ………………….
• In case of revenue center the output is measured in ……………. terms, but no formal attempt is made to relate ……………….
• Total control over discretionary expense center is achieved primarily through ……… performance measures.