Choose the Item That Best Matches Each Item of the Following

question 21

Multiple Choice

Choose the item that best matches each item of the following:
-Law created and changed by legislature

• A)Administrative law
• B)Judicial branch
• C)Executive branch
• D)Common law
• E)Statutory law
• F)Legislative branch
• G)Constitutional law

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Definitions:

Planned Objectives

Specific goals set by an organization or individual that are intended to be achieved within a certain timeframe through planned actions.

Responsibility Centers

Responsibility centers refer to segments within an organization for which individual managers are accountable, focusing on revenue, cost, profit, or investment.

Controllable Cost

A cost over which a manager has control.

Actual Cost

The actual expense incurred to acquire an asset or service, including all costs necessary to bring the asset into use or to complete the service.