Coordinating the Preparation of the Budget Is the Responsibility of the

question 188

Multiple Choice

Coordinating the preparation of the budget is the responsibility of the

• A) treasurer.
• B) president.
• C) chief accountant.
• D) budget committee.

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Definitions:

Department Manager

A department manager is responsible for overseeing the daily operations, budget, and personnel of a specific department within a company.

Support Department Allocations

The method of distributing the costs of support departments to producing or other service departments that benefit from the activities of the support departments.

Profit Center

A division or branch of a company that is treated as a separate unit for the purpose of assessing its profitability.

Support Department Allocations

The process of distributing indirect costs from support departments to producing departments based on relevant allocation bases.