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

question 107

Multiple Choice

When managers are held responsible for costs and the input-output relationship is well specified, a(n) ________ is established.

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

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Definitions:

Income Inequality

The unequal distribution of income among individuals or households within a particular society or area.

Status Attainment

The process of acquiring a certain level of social, professional, or academic standing or prestige.

Family Backgrounds

The social, economic, and cultural conditions and histories of an individual’s family, which can influence their upbringing, opportunities, and life choices.

Similar Education

Pertains to an education system or program that has comparable structure, content, quality, or outcomes across different settings or populations.