List the Four Types of Responsibility Centers

question 231

Essay

List the four types of responsibility centers.For each center,state the responsibility of the manager.

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Definitions:

Negligence

Failure to take reasonable care to avoid causing injury or loss to another person, resulting in legal liability for any resulting damages.

Utility Costs

Expenses associated with services such as electricity, water, gas, and sewage required for the operation of a home or business.

Lease Modification

Changes made to the terms of a lease agreement, often involving negotiations between the lessee and lessor.

Bound Agreement

A legally binding contract or arrangement between parties.