A Responsibility Center for Controlling Revenues and Costs

question 152

Short Answer

A responsibility center for controlling revenues and costs

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Definitions:

External Locus

A belief system where individuals perceive their successes or failures as being influenced by external forces or events beyond their control.

Fatalistic Attitude

A mindset or belief that events are predetermined to happen and cannot be changed by the individual, leading to a sense of powerlessness.

Good Luck

A favorable or beneficial circumstance that happens by chance, often considered an element of success not attributable to one's actions.

Halo Effect

A cognitive bias where the perception of one positive quality in a person leads to the unjustified extension of positive evaluation to other qualities.