Which of the Following Is Not Descriptive of Responsibility Centers

question 87

Multiple Choice

Which of the following is not descriptive of responsibility centers?

• A) They are used to the extent that they can isolate specific functional units such as R&D.
• B) Each responsibility center has its own budget and is evaluated on its use of budgeted resources.
• C) The responsibility center coordinates all the functional areas and project developments to implement the strategic decision plan.
• D) The center uses resources to produce a service or a product.
• E) A responsibility center is headed by the manager responsible for the center's performance.

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Definitions:

Voidable

Refers to a contract that may appear valid but can be legally declared void at the option of one of the parties.

N.S.F.

Stands for "Non-Sufficient Funds," indicating that a bank account does not have enough balance to cover a transaction.

Antique Desk

A desk of old age valued for its historical significance, craftsmanship, or rarity.

Rectification

The process of correcting a mistake in a legal document to reflect the true intent of the parties involved.