Identify Which Term Below Refers to the Set of Activities

question 117

Multiple Choice

Identify which term below refers to the set of activities assigned to a manager or a group of managers or other employees.

• A)internal control system
• B)management control system
• C)responsibility center
• D)total quality control system

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Definitions:

Crossover

In genetics, the exchange of genetic material between chromosomes during meiosis; in other fields, it refers to a point where two or more different categories or entities meet.

Fixed Costs

Expenses that do not change with the level of production or business activity, such as rent, salaries, and insurance premiums.

Variable Cost

Costs that vary directly with the level of production or sales volume, such as materials and labor.

Theory of Constraints

A management approach that focuses on identifying and managing the most limiting factor (constraint) that stands in the way of achieving a goal.