Budgets Can Be Used to Evaluate Managerial Performance In

question 32

Multiple Choice

Budgets can be used to evaluate managerial performance in:
I. Cost centres
II. Profit centres
III. Investment centres

• A)II only
• B)I and II only
• C)II and III only
• D)I, II, and III

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Definitions:

Fetishism of Commodities

A term from Marxist theory describing the way in which the social relationships involved in production are expressed as relationships between commodities, obscuring the labor that went into them.

Economic Exchanges

Transactions that involve the transfer of goods, services, or money between individuals, businesses, or entities within an economic system.

Social Structures

The organized pattern of social relations and institutions that together compose society, providing a framework within which social interaction occurs.

Species Being

A concept in Marxist theory referring to the inherent nature of humans to shape their environment and themselves through labor.