With the aid of examples ,explain the three important types of responsibility centres

Q: What are the three major sections of the CAFR?

A: CAFR is basically stands for Comprehensive Annual Financial Report which basically helps in…

Q: How do your answers in parts (a) and (b) relate to the theory of constraints? Explain.

A: Introduction:- Constraints theory used to identifying the most important limiting factor that…

Q: Can responsibility be delegated? Explain?

A: No,authority can be delegated but responsibility is absolute and cannot be delegated.

Q: Define each of the following terms: c. Signaling hypothesis; clientele effect

A: To define the following terms signalling hypothesis and clientele effect as below,

Q: Discuss how the different between conceptual system and physical system and which function are…

A: Accounting Information System:  AIS collects, records, stores and processes accounting and other…

Q: two types of operational responsibility

A: Operational responsibility is the responsibility of the managers to make sure that the operation…

Q: Describe the benefits of decentralization.

A:

Q: Provide three examples of management decisions that benefit from CVP analysis

A: Answer: Cost Volume Profit Analysis is the analysis to determine how changes in variable and fixed…

Q: What are the three steps of controlling?

A: Introduction: Controlling is referred as terminal management function because it takes place after…

Q: What does goal congruence mean? Provide an example with your explanation.

A: Goal congruence means that an individual's goals are aligned with the goals of the organization. For…

Q: What is meant by the term decentralization?

A: Decision-making process:Decision making can be defined as the process of making choices through the…

Q: Please define what centralized and decentralized operations are within the context of Chapter 24

A: Centralized Operations mean operations are managed by higher authorities.  thus have a centralized…

Q: What is management by exception? Give three examples?

A: Management by Exception: Management by exception is the process of finding the deviations in the…

Q: What are two examples of the types of management issues that can be addressed by cvp analysis?

A: CVP or Cost-volume-profit analysis is a cost accounting method of analysing the effect of cost and…