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:

Purchases Increase

A rise in the quantity of goods or services bought over a specific period of time.

Price Change

A variation in the cost of a good or service over time, influenced by factors like supply, demand, and inflation.

More Elastic

Describes a situation where the demand or supply for a good or service is highly responsive to changes in price.

Less Elastic

Describes a situation where the demand or supply for a product or service is relatively unresponsive to changes in price.