Which Type of Centre Is the Housekeeping Department of a Manufacturing

question 23

Multiple Choice

Which type of centre is the housekeeping department of a manufacturing company?

• A)A segment
• B)A profit centre
• C)A cost centre
• D)An investment centre

Identify the profitability of products using contribution margin analysis and the theory of constraints.

Understand the application of activity-based costing in determining product costs and profitability.

Understand the fundamental concepts of centralized and decentralized business organizations.

Recognize the advantages and disadvantages of decentralization.

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Definitions:

Value Of T

The value of t, often found in t-tests, quantifies the difference between an observed sample mean and its hypothesized population mean value, measured in terms of standard errors.

Degrees For Freedom

The number of independent values in a statistical calculation that can vary without violating any given constraints.

T-Distribution

A probability distribution that is symmetric and bell-shaped, used particularly for small sample sizes or unknown population standard deviations; synonymous with Student T Distribution but demands a new definition.

Sample Mean

The average of all numerical values in a sample subset of a population, used in statistics to estimate the population mean.