Question

Which of the following is a responsibility that is common to the managers of cost, profit and investment centers?

Generating profits

Managing the invested capital

Generating revenues

Controlling costs

Companies in which owners or top executives make all of the planning directing and controlling decisions are what companies?

Formalized

Centralized

Segmented

Decentralized

The internal business perspective of the balanced scorecard is concerned with

Which business processes the company must excel in to meet expectations

How customers perceive the business and it’s products and services

The company’s ability to improve and create value

Whether investors and creditors view the company favorably

Answer 1

Solution

1) Which of the following is a responsibility that is common to the managers of cost, profit and investment centers - Controlling Costs

Controlling costs is a responsibility that is common to the managers of cost, profit and investment centers.

2) Companies in which owners or top executives make all of the planning directing and controlling decisions are what companies – Centralized Company.

Centralized company is a company in which major planning and controlling decisions made by the top management.