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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 ________

Accounting

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

 

 

Question 2

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

 

 

Question 3

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

 

 

Question 4

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

 

 

Question 5

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

 

 

Question 6

2 / 2 pts

Which of the following is not a type of responsibility center?

  

concentrated cost center

  

investment center

  

profit center

  

cost center

 

 

Question 7

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

 

 

Question 8

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.

 

 

Question 9

2 / 2 pts

Costs that a company or manager can influence are called ________.

  

controllable costs

  

variable costs

  

discretionary costs

  

fixed costs

 

 

Question 10

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

 

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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

 

 

Question 2

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

 

 

Question 3

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

 

 

Question 4

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

 

 

Question 5

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

 

 

Question 6

2 / 2 pts

Which of the following is not a type of responsibility center?

Correct!  

concentrated cost center

   

investment center

   

profit center

   

cost center

 

 

Question 7

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

 

 

Question 8

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.

 

 

Question 9

2 / 2 pts

Costs that a company or manager can influence are called ________.

Correct!  

controllable costs

   

variable costs

   

discretionary costs

   

fixed costs

 

 

Question 10

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

 

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