Differentiate between centralized and decentralized operations. Also, differentiate between a profit center and an investment center
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Differentiate between centralized and decentralized operations. Also, differentiate between a profit center and an investment center.
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- Describe the concept of a profit center and, using a specific organization, give an example of how this might be used to achieve the strategic goals of the organization.Differentiate between centralized and decentralized operations.How are the value chain and management accounting related? Distinguish between a cost center, a profit center, and an investment center using appropriate examples.
- How to define an organizational subunit as a cost center, a profit center, or an investment center?What is the relationship between the value chain and management accounting? With the use of suitable examples, distinguish among a cost centre, profit centre and an investment centre.Define and give examples of the following terms: cost center, revenue center, profit center, and investment center.
- Discuss the importance of nonfinancial information in measuring investment-center performance.Explain advantages of Centralization and advantages of De-Centralization in terms of economicapproach.Which of the following types of responsibility centers have accountability for revenues? Cost centers and investment centers. Profit centers and investment centers. Cost centers and profit centers. Expense and investment centers.
- Which of the following is not a type of responsibility center? A. concentrated cost center B. investment center C. profit center D. cost centerDiscuss the difference between centralized and decentralized organizations. Does the size of the organization influence whether the organization has a centralized or decentralized structure? Explain.Describe the concept of a cost center and, using a specific organization, give an example of how this might be used to achieve the strategic goals of the organization.