A Responsibility Center Which Measures Resources in Dollars Without Consideration

question 27

Multiple Choice

A responsibility center which measures resources in dollars without consideration of service or product costs is called a(n)

• A) investment center.
• B) revenue center.
• C) expense center.
• D) profit center.
• E) standard cost center.

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Definitions:

Specific Project

A particular and clearly defined piece of work or plan, often with set objectives, timeline, and resources allocated to its completion.

Deficit Spending

The practice of spending more money than is received in revenue, usually referring to government spending exceeding tax revenues.

Redistricting

The process of drawing electoral district boundaries, often criticized for practices like gerrymandering, where it's done to favor a particular political party.

House of Representatives

The lower chamber of the United States Congress, with members elected to represent geographical districts for two-year terms.