In a Profit Center, the Manager Has Responsibility and Authority

question 185

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) costs

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Definitions:

Experience

The knowledge or skill acquired by a period of practical involvement in or exposure to events.

Decision Making

The cognitive process of selecting a course of action among several alternatives to achieve a desired objective.

New Ideas

Fresh concepts or perspectives that have not been explored or implemented before.

Written Description

A detailed textual depiction or explanation of an object, event, process, or idea, often accompanying patents, research, or literary works.