Please Define the Following Key Terms

question 63

Short Answer

Please define the following key terms.
-Albert Einstein's E=mc2

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Definitions:

Decentralization

The distribution of decision-making power away from a central authority within an organization to lower levels or divisions.

Controllable Costs

Expenses that management can directly or indirectly control or influence in the short term, such as supplies and advertising.

Direct Expense

Costs that can be directly traced to a specific product, service, or department.

Departmental Contribution

The amount of revenue generated by a specific department minus the direct costs associated with that department.