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A Responsibility Centre for Controlling Revenues as Well as Costs

question 45

Short Answer

A responsibility centre for controlling revenues as well as costs.


Definitions:

Mere Exposure Effect

A psychological phenomenon whereby individuals develop a preference for things simply because they are familiar with them.

Mere Exposure Effect

A psychological phenomenon in which people tend to develop a preference for things merely because they are familiar with them.

Bystander Effect

A situation understood in social psychology where an individual's tendency to help decreases when they are not alone in noticing someone needs assistance.

Reciprocity Norm

A social rule that suggests individuals should return the favor or kindness that has been extended to them.

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