Completion Statements Fill in the blank(s) to complete each statement. 1. A mean
ID: 2423118 • Letter: C
Question
Completion Statements
Fill in the blank(s) to complete each statement.
1. A means of gathering and using information to aid and coordinate the planning and control decisions throughout the organization and to guide the behavior of its managers and other employees is called a ________________________________ _______________________.
2. ____________________________ exists when individuals and groups work toward achieving the organization’s goals—that is, managers working in their own perceived best interest take actions that align with the overall goals of top management.
3. The desire to attain a selected goal combined with the resulting pursuit of that goal is called ____________________.
4. ________________________ is the freedom for managers at lower levels of an organization to make decisions.
5. __________________ refers to the degree of freedom to make decisions.
6. _________________________________ arises when the benefit of a decision to a subunit is more than offset by the costs or loss of benefit to the organization as a whole.
7. Products transferred between subunits of a company are called __________________________ ___________________.
8. What four criteria help in choosing a transfer price? _________________________________ _______________________________________ ___________________________________ and ______________________________________.
9. In many situations, a general guideline formula has proven to be a helpful first step in setting a minimum transfer price. This minimum transfer price is equal to the sum of which two per-unit costs? __________________________________ _______________________________________ __________ and _________________________ _____________________________________.
Explanation / Answer
Answer:1 management control systems
Answer:2 goal congruence
Answer:3 Motivation
Answer:4 decentralization
Answer:5 autonomy
Answer:6 Suboptimal decision making
Answer:7 intermediate products
Answer:8 goal congruence, management effort, subunit performance evaluation ___ and _ subunit autonomy
Answer:9 incremental cost per unit incurred up to the point of transfer ______ and opportunity cost per unit to the selling subunit.
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