Responsibility Income Statements Identify and Discuss Briefly the Two Concepts Generally Used in Generally

question 46

Essay

Responsibility income statements
Identify and discuss briefly the two concepts generally used in assigning costs to responsibility centers of a business.

---

Definitions:

Written Agreement

A formal document in which the parties involved agree to certain terms and conditions that are put in writing.

Personal Rapport

The process of building a close and harmonious relationship in which the people or groups involved understand each other’s feelings or ideas and communicate well.

Conciliator

A person who acts as a mediator or intermediary to help resolve conflicts or disputes.

Mediator

An impartial individual who assists in resolving disputes or conflicts between parties through communication and negotiation techniques.