A Responsibility Center in Which the Department Manager Has Responsibility

question 88

True/False

A responsibility center in which the department manager has responsibility for and authority over costs, revenues, and assets invested in the department is termed a cost center.

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Definitions:

Socially Constructed

The concept that ideas, meanings, or values are created through interactions within a society rather than inherently existing.

Significant Others

Those with whom we have a close affiliation.

Symbolic Interaction Theory

A sociological perspective that emphasizes the role of symbols and language as core elements of all human interaction, focusing on how people create and maintain their social realities.

Differential Reinforcement

A behavioral technique that reinforces desirable behavior while withholding reinforcement for undesirable behavior.