In an Investment Center, the Manager Has the Responsibility for and the Authority

question 168

Multiple Choice

In an investment center, the manager has the responsibility for and the authority to make decisions that affect

• A) the assets invested in the center, but not costs and revenues
• B) costs and assets invested in the center, but not revenues
• C) both costs and revenues for the department or division
• D) costs, revenues, and assets invested in the center

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Definitions:

Pays Wages

The process by which employers compensate their employees for work performed, typically in the form of monetary payment.

Employer

An individual or entity that hires and pays people to work on their behalf, often to produce goods or provide services.

Mixed

A type of economic system combining elements of both capitalism and socialism, featuring a blend of private and public ownership.

Command

A directive or an instruction, often used in the context of command economies where the government directs economic activity.