Financial Planning Has Specific Techniques That Will Be Effective for Every

question 31

True/False

Financial planning has specific techniques that will be effective for every individual and household.

---

Definitions:

Centralization

The organizational structure where decision-making authority is concentrated at the top levels of management.

Investment Centers

Parts of an organization with control over their own revenues, expenses, and investments, whose performance is measured by return on investment (ROI).

Responsibility Center

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

Department Manager

A position responsible for overseeing the operations, productivity, and personnel of a specific department within an organization.