A(n)________ Is a Responsibility Centre That Is Held Accountable for Controlling

question 26

Multiple Choice

A(n) ________ is a responsibility centre that is held accountable for controlling both costs and income.

• A) cost object.
• B) cost centre.
• C) profit centre.
• D) investment centre.

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Definitions:

Knowledge Transfer

The process through which skills, knowledge, and expertise are passed from one person or part of an organization to another.

Organizational Pyramid

A hierarchical structure in an organization that illustrates levels of management and division of responsibilities, from the highest level of leadership to the lowest.

Fewer Layers

A reference to organizational structures with reduced levels of management, aiming for quicker decision-making processes and increased agility.

Greater Emphasis on Teams

An organizational focus that prioritizes team-based approaches and collaborative efforts among employees to achieve business objectives.