70.2K

Verified Solution

Link Copied!

I do not need explication, I just need A,B,C or D answer. Thank you!! 1. Which of the following does not describe a management control system? A. a system that only measures profitability B. implements a company's strategic goals C. monitors a company's strategic goals D. establishes a company's strategic goals 2. A key advantage of a decentralized organization is A quicker decisions and response time B. increased administrative costs C. duplication of efforts D. ease of aligning segment and company goals 3. Segments are uniquely identifiable components of the business and can be categorized by all of the following except A number of employees B. services provided C. geographical location D. products produced 4. In a centralized organization, where are goals established? A. at the highest level of the organization and promoted downward B. outside the organization based on best practices in the industry C. at the lower level of the organization and promoted upward D. by each segment of the organization 5. Which of the following is not a type of responsibility center? A investment center B. cost center C. concentrated cost center D. profit center 6. A responsibility center in which managers are held accountable for both revenues and expenses is called a A profit center B. revenue center C. cost center D. discretionary cost center 7. An important goal of a responsibility accounting framework is to help ensure which of the following? A decision-making is made by the top executives. B. segment and company financial goals are congruent. C. investments made by each segment are minimized. D. identification of operating segments that should be closed. 8. An example of an uncontrollable cost would include all of the following except A hourly rate of pay for the company's purchasing manager B. federal income tax rate paid by the company C. per-gallon cost of fuel for the company's delivery trucks D. real estate taxes charged by the county in which the business operates

Answer & Explanation Solved by verified expert

See Answer