A Responsibility Center in Which the Department Manager Is Responsible

question 188

Multiple Choice

A responsibility center in which the department manager is responsible for costs, revenues, and assets for a department is called:

• A) a cost center
• B) a profit center
• C) an operating center
• D) an investment center

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Definitions:

Conflict of Interest

A situation in which a person or entity has competing interests or loyalties that could potentially influence the objectivity of their decisions or actions.

Password Protection

A security measure where access to a device or digital resource requires entering a secret word or phrase.

Sole Beneficiary

The only person or entity designated to receive the benefits or assets from a will, trust, insurance policy, or other legal instrument.

Conflict-of-Interest Rule

Regulations designed to prevent individuals in positions of responsibility from acting in their own interest over those they serve.