The Three Common Types of Responsibility Centers Are Referred to as Cost

question 193

True/False

The three common types of responsibility centers are referred to as cost centers, profit centers, and investment centers.

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Definitions:

Self-Esteem

The regard in which an individual holds himself or herself.

Ethical Behavior

The conduct that is consistent with what society, groups, or individuals deem to be correct moral principles.

Future Favors

The expectation or arrangement of receiving help, support, or advantage at a later time, as a return for one's current action or service.

American Concept

Refers to ideals and values commonly associated with the United States, such as freedom, democracy, and individualism.