A Responsibility Center Whose Manager Is Responsible for Generating Revenues

question 156

Short Answer

A responsibility center whose manager is responsible for generating revenues and controlling expenses is referred to as a ______________________________.

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Definitions:

Budget Line

A graphical representation showing all possible combinations of two goods that can be purchased with a given income.

Indifference Curves

Graphical representations used in economics to show the different combinations of two goods that give a consumer equal satisfaction and utility.

Indifference Curve

A graph showing different combinations of two goods between which a consumer is indifferent, reflecting preferences and trade-offs.

Total Utility

The cumulative satisfaction or value a consumer receives from consuming a particular quantity of goods or services.