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Diseases tend to be randomly distributed.
Responsibility Accounting
The process of measuring and reporting operating data by areas of responsibility.
Responsibility Centers
Parts of an organization treated as separate entities for managerial accounting and performance measurement, each responsible for its own revenues, expenses, and investment funds.
Decentralized Business
A business model where decision-making and operational activities are distributed across different locations or departments, rather than centralized in a single location.
Operating Decisions
Decisions that relate to the day-to-day activities of a business, affecting its operational efficiency and effectiveness.
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