A Responsibility Center in Which the Authority and Responsibility for Costs

question 38

True/False

A responsibility center in which the authority and responsibility for costs and revenues is vested on the department manager is termed an investment center.

---

Definitions:

Dominant Culture

The prevailing culture in a society that is powerful enough to influence the values, norms, and behaviors of the majority.

Vietnamese

Pertaining to Vietnam or its people, culture, or language.

Financial Difficulties

Situations where an individual or organization struggles to manage their money effectively, leading to financial stress.

Interpersonal Attraction

The force that draws individuals together, fostering friendship, romance, or other relationships, influenced by physical attractiveness, similarity, reciprocity, and other factors.