Identify Which of the Following Statements About Cost Centers and Decentralization

question 85

Multiple Choice

Identify which of the following statements about cost centers and decentralization is true.

• A)Accountability for revenues and expenses exists independently of the ability to make decisions.
• B)Accountability for revenues and expenses requires the ability to make decisions.
• C)Decentralized organizations are organized into profit centers.
• D)Cost centers are centralized, but profit centers are decentralized.

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Definitions:

Inevitability of Progress

The belief that societal, technological, or economic advancement is a natural, unavoidable process.

Industrial Modernity

A period characterized by the transition to industrial production methods and its resulting societal changes, including urbanization and the emergence of modern state forms.

Western Culture

The social norms, ethical values, traditional customs, belief systems, political systems, and specific artifacts and technologies that have originated or are associated with Europe and the Western world.

Core Values

Fundamental beliefs or principles that are considered important by a society, organization, or individual.