Which Term Below Best Fits "A Part,segment,or Subunit of a Company

question 167

Multiple Choice

Which term below best fits "a part,segment,or subunit of a company whose manager is accountable for specified activities"?

• A)Operating budget
• B)Master budget
• C)Responsibility center
• D)Sensitivity analysis

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Definitions:

Decisions

The act of making choices between alternatives to achieve a goal or solve a problem.

Efficiency

The extent to which resources are used in the most productive way possible to produce desired goods and services while minimizing waste or inefficiency.

Economic Pie

A metaphorical representation of the total wealth or economic resources available for allocation or distribution within an economy.

Average Cost

The total cost of production divided by the quantity produced, indicating the cost per unit of output.