When Managers Are Held Responsible for Costs but the Input-Output

question 160

Multiple Choice

When managers are held responsible for costs but the input-output relationship is not well specified, a(n) ________ is established.

• A) standard cost center
• B) revenue center
• C) discretionary cost center
• D) asset center

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Definitions:

Appropriate Remedy

A legal solution provided by a court to enforce a right, compensate for harm, or ensure fairness in the resolution of a dispute.

Unconscionability

A condition in contract law where an agreement is so unfairly one-sided that it is considered oppressive or shockingly unjust.

Expressly Conditional

Refers to a condition explicitly stated or formally specified, usually within a contract or legal agreement.

Interpret

To explain the meaning of something; to understand or explain something in a specific way, particularly in the context of languages, laws, or texts.