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QUESTION
1.What is responsibility accounting? What is a cost center? How does a cost center differ from a profit center? 2.What is an operating budget? What
1.What is responsibility accounting? What is a cost center? How does a cost center differ
from a profit center?
2.What is an operating budget? What does it result in? What is the first step in completing an operating budget?
3.What is CVP analysis? Why is this an important analysis for a company to perform?
