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.

---

Definitions:

Economic Options

The range of possible choices available to individuals, businesses, and governments in the allocation of resources to meet needs and desires.

Deep Integration

The extent of integration in economic relations and policies beyond removal of tariffs to include harmonization of legal and regulatory systems.

Shallow Integration

Refers to the removal of tariffs and border barriers to facilitate trade between countries, without significantly harmonizing domestic laws and policies.

Third Sector

Refers to the part of an economy or society that is composed of non-governmental and non-profit organizations or associations, including charities, volunteer services, and non-profit organizations.