Which of the Following Would Be Most Effective in a Small

question 3

Multiple Choice

Which of the following would be most effective in a small owner/manager-operated business?

• A) Profit centers
• B) Centralization
• C) Investment centers
• D) Cost centers

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Definitions:

Fixed Assets

Long-term tangible assets held by an organization for producing goods or services, not expected to be converted to cash in the short term.

Contingent Workforce

A labor pool consisting of individuals hired by an organization on a non-permanent basis, such as freelancers, contractors, or temporary workers.

Rightsizing

The process of adjusting the size of a company's workforce to improve efficiency and effectiveness, often involving layoffs or restructuring.

Peak Demand

The highest level of demand for a product or service over a particular period of time.