In a Cost Center,the Manager Has Responsibility and Authority for Making

question 85

Multiple Choice

In a cost center,the manager has responsibility and authority for making decisions that affect:

• A)both cost and investment.
• B)only investment.
• C)only costs.
• D)both costs and revenues.

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Definitions:

Decision-making

The cognitive process of selecting a course of action from among multiple alternatives, often considered a core function of management.

Intuition

Refers to the ability to understand something immediately, without the need for conscious reasoning.

Unrestrained rationality

Decision-making or thought processes that are conducted without limits or boundaries, often overlooking emotional or contextual factors.

Decision-Making under certainty

The process of making decisions when the outcomes or consequences of each choice are known or predictable.