A responsibility center is a subunit in an organization whose manager is held accountable for specified financial and non-financial results of the subunit's activities.
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Q1: Responsibility accounting refers to the various concepts
Q2: Goal congruence results when the managers of
Q3: The fundamental purpose of a responsibility accounting
Q4: The manager of an investment center is
Q6: A cost center is an organizational subunit
Q7: The check processing department in a bank
Q8: An airline's reservation department is an example
Q9: A company-owned hotel in a hotel chain
Q10: The primary goals of any profit-making enterprise
Q11: Under activity-based responsibility accounting management's attention is
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