A business may have a centralized or decentralized structure. A centralized structure of the business merges all the responsibilities in one place and in the case of decentralized structure the responsibilities are allocated to different centers. To indicate: The meaning of decentralization.

Question

Want to see more full solutions like this?

Answer 1

Question

Chapter 11, Problem 11.1Q

To determine

Concept introduction:

A business may have a centralized or decentralized structure. A centralized structure of the business merges all the responsibilities in one place and in the case of decentralized structure the responsibilities are allocated to different centers.

To indicate: The meaning of decentralization.

Expert Solution & Answer

Explanation of Solution

A business needs to define the responsibilities of its business processes and centers. A business may have a centralized or decentralized structure.

Under the centralized structure, the responsibilities of all centers are kept at one place and management is responsible for all processes and centers.

In the case of a decentralized structure, the responsibilities are allocated to different centers for example; profit center, investment center, cost center, etc. The manager of each center is held responsible for the center.

Hence, decentralization is a technique to allocate the responsibilities of business centers.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

During FY 2020, Dorchester Company plans to sell Widgets for $14 a unit. Current variable costs are $6 a unit and fixed costs are expected to total $146,000. Use this information to determine the dollar value of sales for Dorchester to break even. (Round to the nearest whole dollar.)

What is the pension expense for 2023?

Nimbus Financial Services expects its accountants to work 30,000 direct labor hours per year. The company's estimated total indirect costs are $275,000. The direct labor rate is $80 per hour. The company uses direct labor hours as the allocation base for indirect costs. If Nimbus performs a job requiring 25 hours of direct labor, what is the total job cost? Answer

Answer 2

Question

Chapter 11, Problem 11.1Q

To determine

Concept introduction:

A business may have a centralized or decentralized structure. A centralized structure of the business merges all the responsibilities in one place and in the case of decentralized structure the responsibilities are allocated to different centers.

To indicate: The meaning of decentralization.

Expert Solution & Answer

Explanation of Solution

A business needs to define the responsibilities of its business processes and centers. A business may have a centralized or decentralized structure.

Under the centralized structure, the responsibilities of all centers are kept at one place and management is responsible for all processes and centers.

In the case of a decentralized structure, the responsibilities are allocated to different centers for example; profit center, investment center, cost center, etc. The manager of each center is held responsible for the center.

Hence, decentralization is a technique to allocate the responsibilities of business centers.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Question

Chapter 11, Problem 11.1Q

To determine

Concept introduction:

A business may have a centralized or decentralized structure. A centralized structure of the business merges all the responsibilities in one place and in the case of decentralized structure the responsibilities are allocated to different centers.

To indicate: The meaning of decentralization.

Expert Solution & Answer

Explanation of Solution

A business needs to define the responsibilities of its business processes and centers. A business may have a centralized or decentralized structure.

Under the centralized structure, the responsibilities of all centers are kept at one place and management is responsible for all processes and centers.

In the case of a decentralized structure, the responsibilities are allocated to different centers for example; profit center, investment center, cost center, etc. The manager of each center is held responsible for the center.

Hence, decentralization is a technique to allocate the responsibilities of business centers.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Question

Chapter 11, Problem 11.1Q

To determine

Concept introduction:

A business may have a centralized or decentralized structure. A centralized structure of the business merges all the responsibilities in one place and in the case of decentralized structure the responsibilities are allocated to different centers.

To indicate: The meaning of decentralization.

Expert Solution & Answer

Explanation of Solution

A business needs to define the responsibilities of its business processes and centers. A business may have a centralized or decentralized structure.

Under the centralized structure, the responsibilities of all centers are kept at one place and management is responsible for all processes and centers.

In the case of a decentralized structure, the responsibilities are allocated to different centers for example; profit center, investment center, cost center, etc. The manager of each center is held responsible for the center.

Hence, decentralization is a technique to allocate the responsibilities of business centers.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 11, Problem 11.1Q

To determine

Concept introduction:

A business may have a centralized or decentralized structure. A centralized structure of the business merges all the responsibilities in one place and in the case of decentralized structure the responsibilities are allocated to different centers.

To indicate: The meaning of decentralization.

Expert Solution & Answer

Explanation of Solution

A business needs to define the responsibilities of its business processes and centers. A business may have a centralized or decentralized structure.

Under the centralized structure, the responsibilities of all centers are kept at one place and management is responsible for all processes and centers.

In the case of a decentralized structure, the responsibilities are allocated to different centers for example; profit center, investment center, cost center, etc. The manager of each center is held responsible for the center.

Hence, decentralization is a technique to allocate the responsibilities of business centers.

Answer 6

Chapter 11, Problem 11.1Q

To determine

Concept introduction:

A business may have a centralized or decentralized structure. A centralized structure of the business merges all the responsibilities in one place and in the case of decentralized structure the responsibilities are allocated to different centers.

To indicate: The meaning of decentralization.

Expert Solution & Answer

Explanation of Solution

A business needs to define the responsibilities of its business processes and centers. A business may have a centralized or decentralized structure.

Under the centralized structure, the responsibilities of all centers are kept at one place and management is responsible for all processes and centers.

In the case of a decentralized structure, the responsibilities are allocated to different centers for example; profit center, investment center, cost center, etc. The manager of each center is held responsible for the center.

Hence, decentralization is a technique to allocate the responsibilities of business centers.

Answer 7

Chapter 11, Problem 11.1Q

To determine

Concept introduction:

A business may have a centralized or decentralized structure. A centralized structure of the business merges all the responsibilities in one place and in the case of decentralized structure the responsibilities are allocated to different centers.

To indicate: The meaning of decentralization.

Answer 8

Expert Solution & Answer

Explanation of Solution

A business needs to define the responsibilities of its business processes and centers. A business may have a centralized or decentralized structure.

Under the centralized structure, the responsibilities of all centers are kept at one place and management is responsible for all processes and centers.

In the case of a decentralized structure, the responsibilities are allocated to different centers for example; profit center, investment center, cost center, etc. The manager of each center is held responsible for the center.

Hence, decentralization is a technique to allocate the responsibilities of business centers.