ocr: - Definition Under this system, the area of responsibility of each manager IS caretully detined and all the accounting ntormation relating to that area is reported together, usually in one document. The area of responsibility assigned to. a manager IS usually reterred toasa responsibility centre. This doesn'tmean that the manager actually spends all the money attributable to the responsibility centre. It means, rather, that the manager takes full responsibility for all of that areas budget despite the fact that a number of other members of personnel may be authorised to spend some of the respo ...
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