A Centre That Is Solely Responsible for Costs,revenues and Investment

question 33

Multiple Choice

A centre that is solely responsible for costs,revenues and investment in assets is known as a:

• A)cost centre
• B)profit centre
• C)revenue centre
• D)investment centre

Understand the processes of perceptual and behavioral confirmation.

Recognize biases in relationship perceptions and decisions.

Differentiate between assimilation and accommodation in information processing.

Understand the diversity and change within Canadian religious groups.

---

Definitions:

Utility Function

A mathematical representation in economics that quantifies the satisfaction or happiness an individual gains from consuming various bundles of goods and services.

Income Effect

Shifts in income for individuals or within the economy and their consequences on the volume of goods or services demanded.

Utility Function

A mathematical representation of a consumer's preference, showing the level of satisfaction or happiness derived from consuming various bundles of goods and services.

Income Effect

The impact of income changes on an individual or economic level on the demand for various products or services.