Recall the Application About the External Cost of Young Drivers

question 52

Multiple Choice

Recall the Application about the external cost of young drivers to answer the following question(s) .
-Recall the Application.Based on external cost,which of the following groups would pay the highest tax?

• A) drivers over 70 years old
• B) drivers over 25 but younger than 70
• C) drivers under 25 years old
• D) All would pay the same rate.

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Definitions:

Responsibility Center

An organizational unit for which a manager is assigned responsibility over costs, revenues, or assets.

Cost Center

A division or department within an organization that does not directly generate profits but incurs costs, often evaluated for efficiency.

Decentralization

The distribution of functions, powers, people, or things away from a central location or authority, often to increase efficiency or responsiveness.

Quality Managers

Professionals responsible for monitoring and evaluating the various stages of the production process to ensure that the final product meets predetermined quality standards.