In a Profit Center, the Manager Has Responsibility and Authority

question 148

Multiple Choice

In a profit center, the manager has responsibility and authority for making decisions that affect:

• A) liabilities
• B) assets
• C) investments
• D) costs

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Definitions:

Long-Term Memory

The phase of memory capable of storing information for an extended period, from hours to a lifetime.

Automatic Processing

Mental activities that occur without conscious awareness or effort, such as habituated tasks or recognized patterns.

Effortful Processing

The active and conscious effort to encode or process information into memory, requiring attention and mental effort.

Encoding

The initial process of converting information into a form that can be stored in memory, involving various types of code such as visual, acoustic, or semantic.