(Answered) External vs internal pricing what is the difference

Accounting

External VS Internal Pricing
What is the difference between external and internal pricing? What factors must be considered when setting internal transfer pricing between divisions of a company? What are the different methods of setting internal transfer pricing? Which is the most effective? Why?

Responsibility Accounting
What is responsibility accounting? What costs should managers of responsibility centers be held accountable for? What cost are you responsible for in your budget?

Behavioral Issues
What are some of the behavioral issues that surround responsibility accounting? How should these issues be addressed?

Balanced Scorecard
What is the balanced scorecard? Is the balanced scorecard a better method to evaluate management? Why or why not?

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