A responsibility accounting system should include the revenues and costs under a division manager's control.
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Q3: A manager of a cost center is
Q4: Decentralization reduces the need for effective communication
Q5: The manager of an investment center is
Q6: When management by exception is employed,favorable variances
Q7: Decentralization can result in a lack of
Q9: A profit center is typically an independent
Q10: Decentralization increases the time required for decision-making.
Q11: A responsibility accounting system should include all
Q12: Decentralization is a transfer of authority from
Q13: Responsibility reports reflect the flow of information
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