1. Describe the concept of decentralization. |
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2. Describe the differences among cost, profit, and investment centers. |
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3. Prepare and use responsibility reports. |
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4. Relate management by exception to responsibility reports. |
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5. Evaluate investment opportunities using return on investment. |
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6. Identify factors that affect return on investment. |
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7. Evaluate investment opportunities using residual income. |
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8. Describe how transfer prices may be established. (Appendix) |