A Type of Responsibility Center Which Is Typically Established Whenever

question 73

Multiple Choice

A type of responsibility center which is typically established whenever an organizational unit has control over both its resources and its products or services is a(n)

• A) investment center.
• B) revenue center.
• C) expense center.
• D) profit center.
• E) standard cost center.

---

Definitions:

Prisoner's Dilemma

A scenario in game theory where two individuals acting in their own self-interest do not produce the optimal outcome for either party.

Cooperation

The process of groups or individuals working together towards a common goal or benefit.

Competition

The activity or condition of striving against others for the purpose of achieving a goal, victory, or superiority in a field.

Self-Serving Attributions

A common tendency for individuals to attribute their successes to internal factors while attributing failures to external factors.