A Responsibility Center in Which the Authority Over and Responsibility

question 100

True/False

A responsibility center in which the authority over and responsibility for costs and revenues is vested in the department manager is termed a profit center.

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Definitions:

Diethyl Acetal

A volatile, colorless liquid used as a solvent and as an intermediate in organic synthesis, formed from ethanol and acetaldehyde.

Butanal

An aldehyde with the formula C4H8O, characterized by a four-carbon chain terminated by a carbonyl group.

PCC

Pyridinium chlorochromate, a reagent used in organic chemistry for the oxidation of primary alcohols to aldehydes and secondary alcohols to ketones, maintaining the carbon skeleton.

LiCu

Lithium cuprate, a compound used in organic synthesis for coupling reactions.