There Are Five Types of Responsibility Centers Cost Centers, Revenue

question 83

True/False

There are five types of responsibility centers cost centers, revenue centers, profit centers, investment centers, and financial centers.

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Definitions:

Small Business

A privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.

Social Worker

A professional dedicated to helping individuals, families, and communities to cope with challenges and improve their well-being by providing support, resources, and advocacy.

High Need for Power

A psychological trait characterized by a strong desire for influence or control over others and situations.

High Need for Affiliation

A psychological term referring to an individual's desire to build relationships and interact closely with others.