The Budgetary Unit of an Organization Which Is Led by a Manager

question 145

Multiple Choice

The budgetary unit of an organization which is led by a manager who has both the authority over and responsibility for the unit's performance is known as a:

• A) control center
• B) budgetary area
• C) responsibility center
• D) managerial department

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Definitions:

Medium of Exchange

An intermediary instrument or system used to facilitate the sale, purchase, or trade of goods between parties.

Digital Wallet

A digital system that allows individuals to make electronic transactions using a computer or smartphone, including storing various forms of currency and cards.

Public Keys

Part of a cryptographic system used in digital communication that allows users to securely exchange data over an insecure network.

Private Keys

Cryptographic keys used in public-private key encryption schemes that are kept secret and used to decrypt information or digitally sign data.