Identify Which of the Following Statements Regarding Responsibility Centers Is

question 130

Multiple Choice

Identify which of the following statements regarding responsibility centers is false.

• A)Responsibility centers usually have one objective.
• B)Management control systems monitor responsibility center objectives.
• C)Responsibility centers are usually classified according to their financial responsibility.
• D)Cost centers, profit centers, and investments centers are all examples of responsibility centers.

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Definitions:

Standard Oil

Denotes the American oil producing, transporting, refining, and marketing company that established the first great U.S. business trust and was later broken up under antitrust laws.

Progressive Era

A period of widespread social activism and political reform across the United States, from the 1890s to 1920s, aiming to address issues caused by industrialization.

Theodore Roosevelt

The 26th President of the United States, known for his vibrant personality, leadership of the Progressive Movement, and policies of conservation.

Third-Party Candidate

A political candidate representing a party other than the two dominant ones in a bipartisan system, often with lesser chances of winning.