Indicate Whether Each of the Following Statements About Responsibility Centers

question 123

Short Answer

Indicate whether each of the following statements about responsibility centers is true or false.
A responsibility center controls identifiable revenue or expense items.______
To be designated as a responsibility center,a department need not be a large segment of an organization.______
A cost center generates revenues and expenses.______
Investment centers are commonly found at upper levels of the organization chart.______
The manager of a profit center is evaluated based primarily on his/her ability to control costs.______

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Definitions:

Sleep Deprivation

refers to the condition of not getting enough sleep, which can affect memory, cognition, and physical health.

Frontal Lobe

The region of the brain located at the front of each cerebral hemisphere, responsible for decision making, problem-solving, control of purposeful behaviors, consciousness, and emotions.

Sleep Duration

The total amount of time spent sleeping, including all stages of sleep, within a 24-hour period.

Somniloquy

The act of talking during sleep, commonly referred to as sleep talking.