An accounting system designed to measure the performance of each center within a business is
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Q5: An investment center is a profit center
Q6: Performance margin is equal to controllable fixed
Q8: Profit centers generate revenues and costs.
Q9: Responsibility margin is useful in evaluating the
Q10: The contribution margin approach to preparing reports
Q11: The responsibility margin is the contribution margin
Q13: If operations at a center are discontinued,all
Q15: Traceable fixed costs usually cannot be eliminated
Q18: One purpose of a responsibility accounting system
Q20: If a business activity qualifies as a
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