Business Units

question 57

Essay

Business units
(a)Define what is meant by each of the following: profit center,investment center,and cost center.Your answer should make clear the distinction between each of these types of centers.
(b)Briefly describe the criteria used to evaluate each of the three types of centers listed in part a.

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Definitions:

High-context

A communication style where much of the information is understood through context, non-verbal cues, and shared experiences rather than explicitly stated in the message.

Verbal Communication

The process of conveying messages or information through spoken words.

Nonverbal Signals

Forms of communication that do not involve words but convey messages through gestures, postures, and facial expressions.

Ethical Standards

The set of principles and guidelines that govern the behavior of individuals and organizations, ensuring actions are morally right.