The Least Complex Segment or Area of Responsibility for Which

question 114

Multiple Choice

The least complex segment or area of responsibility for which costs are allocated is a(n) : (CMA adapted)

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

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Definitions:

Short-Term Personal Gain

Immediate benefits or advantages secured by an individual, often disregarding long-term consequences or ethical considerations.

Long-Term Good

The benefits or positive outcomes that are realized over an extended period.

Social Decision Schemes

Frameworks or rules that groups of individuals use to aggregate their preferences, views, or votes to reach a collective decision.

Unanimity

Complete agreement among all members or participants in a given situation or decision-making process.