The Manager Is Responsible for Generating Revenues and Controlling Costs

- April 08, 2022

However he is not concerned about investment-related decisions. Cost center transfer pricing center revenue center Correct.

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In a ________ the manager is responsible for generating revenues and.

. The manager of such a centre is made responsible for properly utilising the assets used in his centre. A part of the organisation where the manager has responsibility for generating revenues controlling costs and producing a satisfactory return on capital invested in the division is called. An assessment of food cost alone would be foolhardy without giving consideration to the stores revenues.

The manager at that store has control over both revenues and costs. This project is currently in the execution phase and we can see that in July 2010 it has achieved an earned value EV of 250000 with actual costs AC of 230000. The manager is only responsible for generating revenues.

The manager is responsible for generating profits and efficiently managing the. A general manager GM is responsible for all or part of a departments operations or the companys operations including generating revenue and controlling costs. The answer in the space provided is the cost center.

However she is not concerned about investment-related decisions. This allows the senior managers of a company to trace all financial activities and. It is a centre in which a manager can control not only revenues and costs but also investments.

The manager who is responsible for only the cost of the company is classified as Options is. In a profit centre the manager has the responsibility and the authority to make decisions that affect both costs and revenues and thus profits for the department or division. The manager of an investment center is responsible for generating revenue as well as controlling expenses.

Question 15 1 1 pts The payroll department of a manufacturing company is most likely to be a n ________. It is the responsibility of the manager of the profit centre to generate revenue and incur costs in a manner to maximize profit. Revenue center Question.

The store manager is responsible for the stores revenues and expenses. It is because in the cost center it is where costs are being managed handled and are being charged in which is needed in purposes in accounting. The blue line labeled PV shows the planned value for this project which starts at zero and culminates in February 2011 with a PV of 500000.

It is used to give managers specific responsibility for revenues generated expenses incurred andor funds invested. Question 14 1 1 pts In a ________ the manager is responsible for generating revenues and controlling costs. Brad is most likely to be the manager of a.

A cost center is a center for which cost is to allocated and the manager of that particular department is held responsible for the costs that are under the managers control. In that situation the manager is the head of an investment center. This is a Most important question of gk exam.

He is expected to earn a requisite return on the amount employed in assets in his centre. Nora Kelly one of the managers of a multi-national company is responsible for generating revenues and controlling costs in order to increase the operating income of her division. Transfer pricing center C.

It is usually handled by the manager in charged of the department in the cost center in which he or she does not only controls the cost but also generates revenues. Cost control refers to managements effort to influence the actions of individuals who are responsible for performing tasks incurring costs and. In small companies the general.

This means the manager not only can make decisions regarding generating revenues and controlling costs. Suboptimization occurs when a manager of a cost center focuses on the goals of the cost center rather than on the goals of the organization as a whole. Log in for more information.

Investment center profit center Correct. For instance in a large corporation with many subsidiary companies the corporation may give authority to the head of each subsidiary to make decisions on the needed investments. Brad turret one of the managers of a multi national company is responsible for generating revenues and controlling costs in order to increase the operating income of his divison.

A responsibility center is a functional entity within a business that has its own goals and objectives dedicated staff policies and procedures and financial reports. A store with more revenue would generate more food costs. We measure the performance of a profit centre on the basis of whether the centre succeeded in achieving its budgeted profit or not.

The manager is only responsible for controlling costs. A subunit that has responsibility for controlling costs but does not have responsibility for generating revenue is an A. The main purpose of a profit centre is to earn profit.

An investment center is a component of a business for which the manager has control over revenues costs and capital assets. A manager who is responsible for both cost and revenues belongs to department of profit center. A profit centre is a segment of an organisation whose manager is responsible for both revenues and costs.

Revenue center 3profit center 4. In an investment center the manager is responsible for investment decisions as well as costs and revenues. Therefore one component of evaluation for that manager will be store profits.

A profit center is a branch or division of a company that directly adds to the corporations bottom-line profitability. The manager is responsible for generating revenues and controlling costs.

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