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Homework answers / question archive / Question 1 2 / 2 pts In centralized organizations, primary decisions are made by ________
Question 1
2 / 2 pts
In centralized organizations, primary decisions are made by ________.
an individual at the top of the organization
various managers throughout the organization
low-level management
outside consultants
2 / 2 pts
A key advantage of a decentralized organization is ________.
duplication of efforts
the ease of aligning segment and company goals
increased administrative costs
quicker decisions and response time
2 / 2 pts
Segments are uniquely identifiable components of the business and can be categorized by all of the following except
services provided
geographical location
number of employees
products produced
2 / 2 pts
Organizational charts ________.
show the structure of an organization
list the salaries of all employees
help management measure financial performance
outline the strategic goals of the organization
2 / 2 pts
In a centralized organization, where are goals established?
at the lower level of the organization and promoted upward
at the highest level of the organization and promoted downward
by each segment of the organization
outside the organization based on best practices in the industry
2 / 2 pts
Which of the following is not a type of responsibility center?
concentrated cost center
investment center
profit center
cost center
2 / 2 pts
A responsibility center in which managers are held accountable for both revenues and expenses is called a ________.
profit center
cost center
discretionary cost center
revenue center
2 / 2 pts
An important goal of a responsibility accounting framework is to help ensure which of the following?
decision-making is made by the top executives.
investments made by each segment are minimized.
identification of operating segments that should be closed.
segment and company financial goals are congruent.
2 / 2 pts
Costs that a company or manager can influence are called ________.
controllable costs
variable costs
discretionary costs
fixed costs
2 / 2 pts
A transfer pricing arrangement that uses the price that would be charged to an external customer is a ________.
negotiated approach
decentralized approach
cost approach
market-based approach
Question 1
2 / 2 pts
In centralized organizations, primary decisions are made by ________.
Correct!
an individual at the top of the organization
various managers throughout the organization
low-level management
outside consultants
2 / 2 pts
A key advantage of a decentralized organization is ________.
duplication of efforts
the ease of aligning segment and company goals
increased administrative costs
Correct!
quicker decisions and response time
2 / 2 pts
Segments are uniquely identifiable components of the business and can be categorized by all of the following except
services provided
geographical location
Correct!
number of employees
products produced
2 / 2 pts
Organizational charts ________.
Correct!
show the structure of an organization
list the salaries of all employees
help management measure financial performance
outline the strategic goals of the organization
2 / 2 pts
In a centralized organization, where are goals established?
at the lower level of the organization and promoted upward
Correct!
at the highest level of the organization and promoted downward
by each segment of the organization
outside the organization based on best practices in the industry
2 / 2 pts
Which of the following is not a type of responsibility center?
Correct!
concentrated cost center
investment center
profit center
cost center
2 / 2 pts
A responsibility center in which managers are held accountable for both revenues and expenses is called a ________.
Correct!
profit center
cost center
discretionary cost center
revenue center
2 / 2 pts
An important goal of a responsibility accounting framework is to help ensure which of the following?
decision-making is made by the top executives.
investments made by each segment are minimized.
identification of operating segments that should be closed.
Correct!
segment and company financial goals are congruent.
2 / 2 pts
Costs that a company or manager can influence are called ________.
Correct!
controllable costs
variable costs
discretionary costs
fixed costs
2 / 2 pts
A transfer pricing arrangement that uses the price that would be charged to an external customer is a ________.
negotiated approach
decentralized approach
cost approach
Correct!
market-based approach