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1. Explain the concept of responsibility accounting and its relation with budgeting. 2. Explain how the choice of the type of responsibility center (cost, revenue,
1. Explain the concept of responsibility accounting and its relation with budgeting. 2. Explain how the choice of the type of responsibility center (cost, revenue, profit, or investment) affects behavior. 3. Discuss the concept of "budgetary slack Step by Step Solution
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
4th Canadian edition
1118856996, 978-1118856994
