All of the Following Are Nonfinancial Objectives of Responsibility Centers

question 125

Multiple Choice

All of the following are nonfinancial objectives of responsibility centers except _____.

• A)quality
• B)productivity
• C)operations budgets
• D)customer satisfaction

---

Definitions:

Government Intervention

Actions taken by government to affect the economy, often to correct market failures and promote economic stability.

Monopoly

A market structure characterized by a single seller who has exclusive control over the product or service, leading to limited competition.

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the per unit cost of production.

Natural Monopolist

A single supplier in a market where the costs of production are lowest when just one firm provides the product or service.