Ethical Standards Are Set in Each Jurisdiction by the Local

question 110

True/False

Ethical standards are set in each jurisdiction by the local judge.

---

Definitions:

Profit Center

A subunit of the firm with the decision rights over prices and manufacturing processes to maximize profit. Profit centers are evaluated on meeting target profits and are composed of several cost centers.

Responsibility Centers

Units or departments within an organization whose managers are accountable for specific financial operations and performance.

Decision Rights

The duties that a particular individual in an organization is expected to perform.

Performance Evaluation

This involves assessing an employee's job performance using various criteria to determine the effectiveness and efficiency of their work.