Examlex
Papez proposed a system of structures that were concerned with emotional expression. These structures have come to be known as the:
Profit Center
A segment or division within an organization directly responsible for generating profit through its operations and activities.
Responsibility Accounting
An accounting system that measures the results of each responsibility center, allowing for more effective planning and control within an organization.
Responsibility Reporting
An accounting system that collects, summarizes, and reports financial information about different responsibility centers within an organization.
Investment Centers
Divisions or units within a company for which the manager has responsibility over costs, revenues, and investments.
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