Match each of the following with its appropriate term.Controllable factorsThis is the part of an organization in which management is evaluated based on the ability to contain costs; the manager primarily has control only over costs.Cost centerThis means to align the goals of the business with the personal goals of the manager.MetricThese components of the organization are components for which the manager is responsible and can control.Goal congruenceThis is the means to measure something such as a goal or target.Investment centerThis is a system that evaluates management in a way that will link the goals of the corporation with those of the manager.Performance measurement systemFor this center, management is responsible for revenues, costs, and assets and is evaluated based on these three components.SolutionA. B. C. D. E. F.

Name: Match each of the following with its appropriate term.Controllable fac
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Description: Match each of the following with its appropriate term.Controllable factorsThis is the part of an organization in which management is evaluated based on the ability to contain costs; the manager primarily has control only over costs.Cost centerThis me

An investor center is a unit of business which is responsible for its own assets, income and…

Answered: Match each of the following with its…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Match each of the following with its appropriate term.

Controllable factors	This is the part of an organization in which management is evaluated based on the ability to contain costs; the manager primarily has control only over costs.
Cost center	This means to align the goals of the business with the personal goals of the manager.
Metric	These components of the organization are components for which the manager is responsible and can control.
Goal congruence	This is the means to measure something such as a goal or target.
Investment center	This is a system that evaluates management in a way that will link the goals of the corporation with those of the manager.
Performance measurement system	For this center, management is responsible for revenues, costs, and assets and is evaluated based on these three components.

Solution

A. B. C. D. E. F.

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