Chapter 24: Q24-7RQ (page 1355)
What is a responsibility center?
Answer
The responsibility center refers to the section or unit of an organization responsible for specific tasks assigned to the same.
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What is a responsibility center?
List the disadvantages of decentralization.
How does capacity affect transfer pricing decisions?
Well-designed performance evaluation systems accomplish many goals. Consider the following actions, and state which goal is being achieved by the action:
a. Comparing targets to actual results
b. Providing subunit managers with performance targets
c. Comparing actual results with industry standards
d. Providing bonuses to subunit managers who achieve performance targets
e. Aligning subunit performance targets with company strategy
f. Comparing actual results of competitors
g. Taking corrective actions
h. Using the adage “you get what you measure” when designing the performance evaluation system
What is a key performance indicator?
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