Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need help with this table Most large organizations establish responsibility centers (sections, departments, divisions, etc.) in order to delegate decision-making authority to the individuals

I need help with this table

image text in transcribed
Most large organizations establish responsibility centers (sections, departments, divisions, etc.) in order to delegate decision-making authority to the individuals who are best suited to make decisions in those particular centers. Consider the following responsibility centers and classify each as most likely being a cost center, profit center, or investment center. Responsibility Center Description Type of Responsibility Center 1) Atlanta office of an investment banking services firm 2) Birmingham location of a major retail furniture chain 3) Cadillac division of General Motors 4) Casting department of a small steel mill 5) Customer complaint center at Delta Airlines 6) Check clearing department in a bank operations center 7) Finishing department of a manufacturing plant that makes precision cutting instruments 8) Gulfstream Aerospace unit (maker of business jets) of General Dynamics Corporation 9) Home electronics division of Sony Corporation 10) Maintenance department in an automobile assembly plant

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals of Cost Accounting

Authors: William N. Lanen, Shannon Anderson, Michael W Maher

6th edition

1259969479, 1259565408, 978-1259969478

More Books

Students also viewed these Accounting questions

Question

Define promotion.

Answered: 1 week ago

Question

Write a note on transfer policy.

Answered: 1 week ago

Question

Discuss about training and development in India?

Answered: 1 week ago

Question

Explain the various techniques of training and development.

Answered: 1 week ago

Question

1. What will happen in the future

Answered: 1 week ago

Question

3. Avoid making mistakes when reaching our goals

Answered: 1 week ago