For each of the following, select its best description. A. Incurs costs without directly yielding revenues. B. Costs that a manager has the ability to affect. C. Incurs costs and also generates revenues. D. Holds manager responsible for revenues, costs and major investing decisions. E. Lists actual costs a manager is responsible for and their budgeted amounts. F. Unit managers make decisions and top management then evaluates the performance of unit managers. 1. Decentralized organization 2. Controllable costs 3. Responsibility accounting performance report 4. Profit center 5. Investment center 6. Cost center
For each of the following, select its best description. A. Incurs costs without directly yielding revenues. B. Costs that a manager has the ability to affect. C. Incurs costs and also generates revenues. D. Holds manager responsible for revenues, costs and major investing decisions. E. Lists actual costs a manager is responsible for and their budgeted amounts. F. Unit managers make decisions and top management then evaluates the performance of unit managers. 1. Decentralized organization 2. Controllable costs 3. Responsibility accounting performance report 4. Profit center 5. Investment center 6. Cost center
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:For each of the following, select its best description.
A. Incurs costs without directly yielding revenues.
B. Costs that a manager has the ability to affect.
C. Incurs costs and also generates revenues.
D. Holds manager responsible for revenues, costs and major investing decisions.
E. Lists actual costs a manager is responsible for and their budgeted amounts.
F. Unit managers make decisions and top management then evaluates the performance of unit managers.
1. Decentralized organization
2. Controllable costs
3. Responsibility accounting performance report
4. Profit center
5. Investment center
6. Cost center
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