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In a Profit Center, the Manager Is Accountable for Investments

question 39

True/False

In a profit center, the manager is accountable for investments, revenues, and costs.


Definitions:

Government Intervention

The act by which a government takes actions to affect or influence the economy, markets, or individual activities, often to correct market failures or achieve a more equitable distribution of resources.

Free Markets

Economic markets that are largely free from government intervention, where prices are determined by supply and demand.

Man Of System

Refers to an individual who believes in strictly applying their own theoretical systems to society, without accommodating for the variability of human nature.

Society Members

Individuals or entities that make up a community or group with shared customs, laws, or institutions.

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