Identify Which of the Following Statements Regarding Responsibility Centers Is

question 51

Multiple Choice

Identify which of the following statements regarding responsibility centers is false.

• A) Responsibility centers are usually classified according to their financial responsibility.
• B) Responsibility centers usually have one objective.
• C) Management control systems monitor responsibility center objectives.
• D) Cost centers, profit centers, and investments centers are all examples of responsibility centers.

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Definitions:

Perceptual Process

The sequence of steps that includes the reception, organization, interpretation, and response to sensory information.

Characteristics

Distinctive traits, qualities, or properties that identify and differentiate an individual, object, or concept.

Social Groups

Clusters of individuals who interact with each other and share similar characteristics or a sense of unity.

Nationality

The status of belonging to a particular nation, either by birth or naturalization, indicating a person's legal relationship with a state.