A Responsibility Centre

question 19

Multiple Choice

A responsibility centre:

• A) refers to a unit of business where all the associated costs are considered as 'direct costs'.
• B) refers to a unit of a business where the manager is held accountable for activities and performance.
• C) is another term for 'business division'.
• D) is a term applicable only to manufacturing companies.

Acknowledge the significance of core ethical values and principles in constructing a business code of conduct.

Gain insight into the implications of legal specialization and the need for multiple lawyers in complex business environments.

Recognize the importance of legal information and the development of non-lawyer access to this information.

Understand the concept of the prisoners' dilemma and its implications in game theory.

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Definitions:

Homozygote

An organism that has two identical alleles for a specific trait or gene.

Identical Alleles

Alleles that are the same at the same locus on both chromosomes in a pair, resulting in a uniform expression of a trait.

Homologous Chromosomes

Pairs of chromosomes in a diploid organism, one inherited from each parent, that have corresponding gene sequences and structures.

Crossing Over

A genetic process occurring during meiosis where homologous chromosomes exchange segments of genetic material to form recombinant chromosomes, contributing to genetic diversity.