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Andrei [34K]
2 years ago
14

Any part of an organization whose manager has control over and is accountable for cost, profit, or investments is a(n)

Business
1 answer:
AleksandrR [38]2 years ago
8 0

A responsibility center is any part of the firm whose manager  has control over and is accountable for cost, profit or investment decisions of the part of the firm under his control.

What are the different types of responsibility center?

There are three types of responsibility center as listed below:

-Profit center

-Cost center

-Investment center

A  cost center's manager is accountable for the profits of the division without been held responsible for its revenue and profits.

A profit center's manager would be accountable for revenue or sales and profit of the center as well as costs, in other words, the manager is expected to make decisions that minimize costs while also maximizing revenues and profits thereon.

Lastly, an investment center's manager would be able to take decisions bordering on costs reduction, revenue and profit maximization including whether or not to invest in new equipment or assets.

Overall, all of the aforementioned are known as responsibility centers, hence, the correct option is responsibility centers.

Read more about responsibility center on:brainly.com/question/24553900

#SPJ1

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what happens when the price of a good increases holding everything else constant? producer surplus decreases consumer surplus de
Diano4ka-milaya [45]

Consumer surplus drops when a good's price rises while keeping everything else constant.

<h3>What is consumer surplus ?</h3>

Consumer surplus is a financial estimate of the benefits that consumers receive from market competition. When customers pay less for a good or service than they would be willing to, this is known as consumer surplus.It measures the extra benefit that consumers get from paying less for something than they would have been prepared to.

In order to quantify the social advantages of public goods like national highways, canals, and bridges, the idea of consumer surplus was created in 1844. It has been a crucial tool for welfare economics research and government tax policy development.

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3 0
1 year ago
The inaccuracy of the grapevine has more to do with the message output than with the input. a. True b. False
Dennis_Churaev [7]

Answer:

The answer is b. False

Explanation:

6 0
3 years ago
Read 2 more answers
Veltri Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.77 direct labor
olasank [31]

Answer:

Total direct labor cost= $122,752

Explanation:

Giving the following information:

Each unit of output requires 0.77 direct labor-hours.

The direct labor rate is $11.20 per direct labor-hour.

Production budget:

October= 7,100 units

November= 6,900 units

Minimum hours= 5,480 hours

First, we need to determine the number of hours required for each month.

October= 7,100*0.77= 5,467 hours

November= 6,900*0.77= 5,313 hours

Direct labor budget:

October= 5,480*11.2= 61,376

November= 61,736

Total cost= $122,752

3 0
3 years ago
How can crazy girlfriend be more understanding
zavuch27 [327]
A crazy girlfriend can be more understanding by them not acting so crazy, jealous and mad.
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As a factor of production, how is capital created
Naya [18.7K]

Answer:

though borrowing loans

Explanation:

one can borrow a loan from the bank and start a business

3 0
3 years ago
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