Within a Business Organization, a Profit Center That Is Self-Supporting

question 74

Multiple Choice

Within a business organization, a profit center that is self-supporting in terms of sales, markets, production, and other resources is known as a

• A) profit entity.
• B) strategic business unit.
• C) marketing program.
• D) small business.
• E) diversified corporation.

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Definitions:

Performance-based Regulation

Regulatory approach where entities are measured and rewarded based on their performance outcomes rather than adherence to prescriptive rules.

Consumer Advocacy Groups

Organizations that work to protect the rights and interests of consumers in relation to products, services, and policies.

Environmental Issues

Problems related to the pollution, degradation, and depletion of the natural environment caused by human activities.

Strict Product Liability

A legal doctrine holding manufacturers and sellers accountable for distributing products that are defective, making them liable for any resulting injuries.