Managerial Financial Accounting Chapter 12 Practice Quiz

Managerial Financial Accounting Chapter 12 Practice Quiz -...

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Self Study, Question 1
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Correct! Duplication of costs and services and strategic business units may develop their own priorities and objectives which conflict with that of the total organization, creating goal incongruence. Which of the following is not a reason for having a decentralized organization? Increased motivation of managers. Goal congruence is enhanced. Quicker response to changing circumstances. Better information at the local level leads to superior decisions. Self Study, Question 2 Correct! An investment center has responsibility over balance sheet and income statement items such as investments, revenues, and costs. An investment center is responsible for which of the following? Investing in long-term assets.
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Generating revenues. All of the above. Self Study, Question 3 Correct! A cost center, by its title, is only responsible for controlling costs. A cost center is responsible for which of the following: investing in long-term assets. controlling costs. generating revenues. All of the above. Self Study, Question 4
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Managerial Financial Accounting Chapter 12 Practice Quiz -...

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