A Responsibility Centre Is Any Organization Department or Unit Under

question 29

True/False

A responsibility centre is any organization department or unit under the supervision of a single person who is responsible for its activities.

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Definitions:

Sample

A portion, piece, or segment taken from something larger to represent the quality, style, or nature of the whole.

Merchantability

An implied warranty that goods sold by a merchant are reasonably fit for the general purpose for which they are sold.

Fungible Goods

Items that are interchangeable with others of the same type because they are identical in essence and value, such as grains or precious metals.

Average Quality

The median standard of quality among similar products or services, considered acceptable or satisfactory.