Budgets Can Be Used to Evaluate Managerial Performance In A) II Only
B) I and II Only
C) II

question 27

Multiple Choice

Budgets can be used to evaluate managerial performance in: $\begin{array}{llcc} \text { I } & \text { Cost centres} \\ \text { II } & \text { Profit centres } \\ \text { III } & \text { Investment centres } \\\end{array}$

• A) II only
• B) I and II only
• C) II and III only
• D) I, II, and III

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Definitions:

Contributory Negligence

A legal principle that reduces or eliminates the plaintiff's right to claim damages if they are found to have contributed to the harm they suffered.

Fellow-Servant Rule

A legal doctrine that limits an employer's liability for injuries one employee causes to another under the theory that each employee accepts the risks associated with working alongside other employees.

Implied Assumption

An unstated understanding or expectation that underpins an agreement or relationship, not explicitly expressed.

Occupational Safety

The discipline focused on the welfare, health, and safety of people engaged in work or employment, aiming to mitigate workplace risks.