In a Profit Center, the Manager Has Responsibility and Authority

question 5

Multiple Choice

In a profit center, the manager has responsibility and authority for making decisions that affect

• A)long-term liabilities
• B)assets
• C)investments
• D)revenues

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Definitions:

Secondary Socialization

The process of learning appropriate behavior within smaller sections of the larger society, such as schools, workplaces, and peer groups, after primary socialization in the family.

Resocialization

The process by which one's sense of social values, beliefs, and norms are reengineered, often deliberately, through an intense social process that may involve considerable stress or effort.

Stages of Development

This term describes the sequential phases of growth or progress in a particular area, often used in psychology, sociology, and economics to model change over time.

George Herbert Mead

An American philosopher, sociologist, and psychologist, known for his work in developing the theory of social behaviorism and symbolic interactionism.