Solution Guidelines,or Rules of Thumb,that Find Feasible-But Not Necessarily the Best-Solutions

question 35

True/False

Solution guidelines,or rules of thumb,that find feasible-but not necessarily the best-solutions to problems are called heuristics.

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Definitions:

Investment Center

A business segment whose manager has control over cost, revenue, and investments in operating assets.

Cost Center

A business segment whose manager has control over cost but has no control over revenue or investments in operating assets.

Profit Center

A business segment whose manager has control over cost and revenue but has no control over investments in operating assets.

Margin

Net operating income divided by sales.