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4 Cards in this Set
- Front
- Back
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A decentralized unit in which the department or division manager has responsibility for the control of cost incurred and the authority to make decisions that affect these costs |
Cost centers |
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A decentralized unit in which the manager has the responsibility and the authority to make decisions that affect both cost and revenues |
Profit center |
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A decentralized unit in which the manager has the responsibility and authority to make decisions that affect not only costs and revenues but also the fixed assets available to the center |
Investment centers |
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The process of measuring and reporting operating data by responsibility center |
Responsibility accounting |
