If Responsibility Centers Are Ranked in Order of Increasing Responsibility

question 93

Multiple Choice

If responsibility centers are ranked in order of increasing responsibility, the ranking is

• A)investment centers, cost centers, profit centers.
• B)cost centers, investment centers, profit centers.
• C)cost centers, profit centers, investment centers.
• D)investment centers, profit centers, cost centers.

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Definitions:

Codetermination Rights

Legal rights allowing workers and their representatives to participate in management and decision-making processes within a company.

Works Council

Employee representation bodies within a workplace that consult with management on issues affecting workers, common in many European countries.

Labor Relations

The study and practice of managing relationships between employers and their workforce, often involving labor unions, collective bargaining, and labor laws.

Centralized System

A system where decision-making authority is concentrated at a single point or within a limited structure, often at the top levels of an organization or government.