A Unit of an Organization Is Referred to as a Profit

question 114

Multiple Choice

A unit of an organization is referred to as a profit center if it has:

• A) Authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply.
• B) Authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply, and significant control over the amount of invested capital.
• C) Authority to make decisions over the most significant costs of operations, including the power to choose the sources of supply.
• D) Authority to provide specialized support to other units within the organization.
• E) Responsibility for combining material, labor, and other factors of production into a final output.

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Definitions:

Gauze Squares

Medical supplies made from woven or non-woven materials used for wound dressing, absorption, and protection.

Sterilized

Made free from all living microorganisms, often through the use of heat, chemicals, or radiation, to prevent infection or contamination.

Well-Organized

Exhibiting a high degree of systematization and efficiency in arrangement or function.

Comfortable Temperature

An ambient temperature range in which most people feel physically comfortable, typically between 68 to 72 degrees Fahrenheit (20 to 22 degrees Celsius).