Examlex
In Anderson's network account of propositional knowledge:
Responsibility Accounting
A part of management accounting that involves accumulating and reporting revenues and costs on the basis of the manager who has the authority to make the day-to-day decisions about the items.
Noncontrollable Costs
Costs incurred indirectly and allocated to a responsibility center that are not controllable at that level.
ROI
Return on Investment; a performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.
Operating Assets
Assets that are used for the day-to-day functioning of a business and can include cash, inventory, and buildings.
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