Which Term Below Best Fits "A Part, Segment, or Subunit

question 57

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 centre
• D) Sensitivity analysis

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Definitions:

Public Good

Goods that are non-excludable and non-rivalrous, meaning that consumption by one individual does not reduce availability to others, and people cannot be prevented from using them.

Consumption

The act of using goods and services by households.

External Costs

Costs of economic activity not borne by the producer or consumer but by society, often not reflected in the price of goods or services.

Economic Efficiency

A situation where resources are allocated in a way that maximizes the production of goods and services at the lowest cost.