Income Not Spent Directly on Domestic Output Is

question 20

Multiple Choice

Income not spent directly on domestic output is

• A)A leakage.
• B)An injection.
• C)A circular.
• D)Investment.

Understand the concept of cost centers and their role within an organization.

Calculate and interpret departmental gross profit.

Distinguish between cost centers, profit centers, and revenue centers.

Understand the utility of departmental reports in performance evaluation and decision making.

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Definitions:

Availability Heuristic

A cognitive shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.

Representativeness Heuristic

Assumption that any object (or person) sharing characteristics with the members of a particular category is also a member of that category.

Divergent

Thinking or problem solving that involves exploring many possible solutions; often associated with creativity.

Disordered

Characterized by disruption or dysfunction, especially in mental health, leading to distress or difficulty in functioning normally.