Examlex
Why was Piaget especially interested in the incorrect answers that children gave to his questions?
Responsibility Accounting
An accounting system that collects, summarizes, and reports financial information about different areas of responsibility within an organization.
Responsibility Centers
Divisions or units within an organization for which managers are accountable for certain activities or financial outcomes.
Management by Exception
A management strategy where only significant deviations from expected outcomes are addressed, focusing leaders' attention on the most important issues.
Responsibility Accounting
An accounting system that measures the results of each responsibility center and compares those results with some measure of expected or budgeted outcome.
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