Select the term from the list that best matches the description or definition.Enter the number of the best answer in "Your Answer" column. \(\begin{array}{|l|l|l|}
\hline \text {Your Answer } & \text {Defiution or Description }& \text {Term } \
\hline & \text { A. Practice of holding a manager responsible for reveme and expense items over which he or the exercises predominant control }& \text {1. Controllability concept } \
\hline & \text {B. Type of responsiblity center where the manager influences only costs and is held acconntable for a specific output at a given level of cost}& \text {2. Cost-based transfer price } \
\hline & \text {C. Measure of the abality of a firm or segment within a firm to utilize available resources effectively to genterate a positive retum for shareholders}& \text {3. Cost center } \
\hline & \text { D. Transfer price based on the external market price less any cost savings}& \text {4. Decentralization } \
\hline & \text {E. Situation that motivates a manager to act in his or her own best interest even though the corporation as a whole nay suffer}& \text {5. Investment center } \
\hline & \text {F. The point in an organization where the control over revenue or expense items is located }& \text {6. Management by exception } \
\hline & \text {G. Transfer price that is based on the listorical or standard cost incurred by the supplying segnent}& \text {7. Market-based transfer price } \
\hline & \text {H. Type of responsibility center where the manager can inflnence revenues, expenses, and capital invested in his or her center to attain the best performance possible }& \text {8. Negotiated transfer price } \
\hline & \text { I. Type of responsibility center where the manager can influence both revemes and expenses for his or her center }& \text {9. Profit center } \
\hline & \text { J. Approach that evahates a managet on lis or her ability to maxinize the dollar value of earnings above some targeted level of earnings }& \text {10. Residnal inconse} \
\hline & \text { K. Reports comparing bodgeted and actual controllable costs for each center within a firm }& \text {11. Responsibilty center } \
\hline & \text { L. When variances from the budget are emphasize d in reporting procedures so that management concentrates its attention on those variances from the budget }& \text {12. Responsibilty reports } \
\hline & \text { M. Transfer price that is established by agreement of both the selling and buying segments of the firm }& \text {13. Retum on investment } \
\hline & \text { N. Practice of delegating authority and responswility for the operation of business segments }& \text {14. Suboptinization} \
\hline
\end{array}\)

Question

Select the term from the list that best matches the description or definition.Enter the number of the best answer in "Your Answer" column. \(\begin{array}{|l|l|l|}
\hline   \text {Your Answer } &  \text {Defiution or Description }&  \text {Term }  \
\hline  &  \text {  A. Practice of holding a manager responsible for reveme and expense items over which he or the exercises predominant control  }&  \text {1. Controllability concept }  \
\hline  &  \text {B. Type of responsiblity center where the manager influences only costs and is held acconntable for a specific output at a given level of cost}&  \text {2. Cost-based transfer price }  \
\hline  &  \text {C. Measure of the abality of a firm or segment within a firm to utilize available resources effectively to genterate a positive retum for shareholders}&  \text {3. Cost center }  \
\hline  &  \text { D. Transfer price based on the external market price less any cost savings}&  \text {4. Decentralization }  \
\hline  &  \text {E. Situation that motivates a manager to act in his or her own best interest even though the corporation as a whole nay suffer}&  \text {5. Investment center }  \
\hline  &  \text {F. The point in an organization where the control over revenue or expense items is located }&  \text {6. Management by exception }  \
\hline  &  \text {G. Transfer price that is based on the listorical or standard cost incurred by the supplying segnent}&  \text {7. Market-based transfer price }  \
\hline  &  \text {H. Type of responsibility center where the manager can inflnence revenues, expenses, and capital invested in his or her center to attain the best performance possible }&  \text {8. Negotiated transfer price }  \
\hline  &  \text { I. Type of responsibility center where the manager can influence both revemes and expenses for his or her center }&  \text {9. Profit center }  \
\hline  &  \text { J. Approach that evahates a managet on lis or her ability to maxinize the dollar value of earnings above some targeted level of earnings }&  \text {10. Residnal inconse}  \
\hline  &  \text { K. Reports comparing bodgeted and actual controllable costs for each center within a firm }&  \text {11. Responsibilty center }  \
\hline  &  \text { L. When variances from the budget are emphasize d in reporting procedures so that management concentrates its attention on those variances from the budget }&  \text {12. Responsibilty reports }  \
\hline  &  \text {  M. Transfer price that is established by agreement of both the selling and buying segments of the firm  }&  \text {13. Retum on investment }  \
\hline  &  \text {  N. Practice of delegating authority and responswility for the operation of business segments  }&  \text {14. Suboptinization}  \
\hline
\end{array}\)

Quizplus · Accepted Answer

The Answer of Select the term from the list that best matches the description or definition.Enter the number of the best answer in "Your Answer" column. \(\begin{array}{|l|l|l|}
\hline   \text {Your Answer } &  \text {Defiution or Description }&  \text {Term }  \
\hline  &  \text {  A. Practice of holding a manager responsible for reveme and expense items over which he or the exercises predominant control  }&  \text {1. Controllability concept }  \
\hline  &  \text {B. Type of responsiblity center where the manager influences only costs and is held acconntable for a specific output at a given level of cost}&  \text {2. Cost-based transfer price }  \
\hline  &  \text {C. Measure of the abality of a firm or segment within a firm to utilize available resources effectively to genterate a positive retum for shareholders}&  \text {3. Cost center }  \
\hline  &  \text { D. Transfer price based on the external market price less any cost savings}&  \text {4. Decentralization }  \
\hline  &  \text {E. Situation that motivates a manager to act in his or her own best interest even though the corporation as a whole nay suffer}&  \text {5. Investment center }  \
\hline  &  \text {F. The point in an organization where the control over revenue or expense items is located }&  \text {6. Management by exception }  \
\hline  &  \text {G. Transfer price that is based on the listorical or standard cost incurred by the supplying segnent}&  \text {7. Market-based transfer price }  \
\hline  &  \text {H. Type of responsibility center where the manager can inflnence revenues, expenses, and capital invested in his or her center to attain the best performance possible }&  \text {8. Negotiated transfer price }  \
\hline  &  \text { I. Type of responsibility center where the manager can influence both revemes and expenses for his or her center }&  \text {9. Profit center }  \
\hline  &  \text { J. Approach that evahates a managet on lis or her ability to maxinize the dollar value of earnings above some targeted level of earnings }&  \text {10. Residnal inconse}  \
\hline  &  \text { K. Reports comparing bodgeted and actual controllable costs for each center within a firm }&  \text {11. Responsibilty center }  \
\hline  &  \text { L. When variances from the budget are emphasize d in reporting procedures so that management concentrates its attention on those variances from the budget }&  \text {12. Responsibilty reports }  \
\hline  &  \text {  M. Transfer price that is established by agreement of both the selling and buying segments of the firm  }&  \text {13. Retum on investment }  \
\hline  &  \text {  N. Practice of delegating authority and responswility for the operation of business segments  }&  \text {14. Suboptinization}  \
\hline
\end{array}\)

Select the Term from the List That Best Matches the Description