A Responsibility Centre for Costs,revenues,and Investment in Assets Is A/an

question 22

Multiple Choice

A responsibility centre for costs,revenues,and investment in assets is a/an:

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

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Definitions:

Moral Hazard

A scenario in which an individual engages in risky behavior, knowing they won't have to fully deal with the outcomes of their actions.

Principal-Agent Problem

A dilemma in economics and organizational theory where one party (the agent) is expected to act in the best interest of another (the principal) but may have different goals or information asymmetry.

Preventive Medicine

Medical practices aimed at preventing diseases or conditions rather than curing them, including vaccinations, lifestyle advice, and regular screenings.

Demand Curve

A graph showing the relationship between the quantity demanded of a certain good and its price.