Answer:
Cost center ⇒ Incurs costs without directly yielding revenues.
Investment center ⇒ Holds manager responsible for revenues, costs and investments.
Departmental accounting system ⇒ Provides information used to evaluate the performance of a department.
Indirect expenses ⇒ Costs incurred for the joint benefit of more than one department.
Controllable Cost ⇒ Costs that a manager has the ability to affect.
Responsibility accounting system ⇒ Provides information to evaluate the performance of a department manager.