Indicate Whether Each of the Following Statements About Responsibility Centers

question 123

Short Answer

Indicate whether each of the following statements about responsibility centers is true or false.
A responsibility center controls identifiable revenue or expense items.______
To be designated as a responsibility center,a department need not be a large segment of an organization.______
A cost center generates revenues and expenses.______
Investment centers are commonly found at upper levels of the organization chart.______
The manager of a profit center is evaluated based primarily on his/her ability to control costs.______

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Definitions:

Schizophrenia

A psychiatric disorder characterized by disruptions in thought processes, perceptions, emotional responsiveness, and social interactions.

Disorganized

Refers to a state where systems, objects, or thoughts lack proper structure or arrangement.

Bizarre Behavior

Unusual or eccentric actions that deviate significantly from societal norms and expectations.

Hallucination

A perceptual experience that occurs in the absence of an external stimulus, often associated with mental disorders.