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Studies of early reading show that
Responsibility Accounting System
A system of accounting that tracks financial performance and costs at the level of individual responsibility centers, encouraging managerial accountability.
Direct Expenses
Expenses directly linked to a specific product, service, or project, like materials and work.
Profit Center
A business unit or division that is responsible for generating its own revenue and profit, often evaluated independently of other units.
Controllable Costs
Costs that can be influenced or managed by decisions made by a specific level of management or segment of a business.
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