FinMan10e_BTest_ch23

FinMan10e_BTest_ch23 - 10th Edition FINANCIAL &...

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10th Edition Warren/Reeve/Duchac Chapter Test 23B Score % Name Course Section NOTE: Each of the 25 correct answers is assigned a weight of 4%. FILL-IN-THE-BLANK—PRINCIPLES AND TERMINOLOGY—60% B
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TEST 17A (Concluded) INSTRUCTIONS: Complete each of the following statements by writing the appropriate words in the Answers column. For Scoring Answers 0. Another term for rate of return on investment is rate of return on . ........ assets 0. ____ 1. Decentralized operating units of a business are referred to as . ............ 1. ____ 2. A business operating structure in which all major planning and operating decisions are made by top management can be described as . ........................................................................................................... 2. ____ 3. The process of measuring and reporting operating data by
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responsibility center is called . ................................................................ 3. ____ 4. The principal difference in the responsibility accounting reports provided to higher levels of management is that these reports are (more or less) summarized than reports for lower levels of management. . ........................................................................................ 4. ____ 5. A business’s responsibility center in which the manager is not required to make decisions concerning sales or the amount of assets invested in the center is known as a(n) . ................................................ 5. ____ 6. The _________ is a set of multiple performance measures for a
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FinMan10e_BTest_ch23 - 10th Edition FINANCIAL &...

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