The Responsibility Center in Which the Manager Has Responsibility and Authority

question 123

Multiple Choice

The responsibility center in which the manager has responsibility and authority over revenues and costs,but not assets,is the:

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

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Definitions:

Scientific Principle

A fundamental concept or law that guides scientific work and is widely accepted as true based on evidence.

Innovation

The introduction of something new, such as an idea, method, or device.

Artistic Work

Creations by artists, such as paintings, sculptures, music, and literature, often protected by copyright laws.

Bribery of confidence

The act of offering, giving, receiving, or soliciting something of value to influence the actions of an individual holding a position of trust.