Final answer:
The statement "Each manager regardless of level, is in charge of a responsibility center.*" is TRUE
Step-by-step explanation:
The statement "Each manager regardless of level, is in charge of a responsibility center" is TRUE. A responsibility center refers to a segment or area within an organization for which a manager is held accountable.
Essentially, managers at various levels of an organization's hierarchy are in charge of different responsibility centers, ensuring that the larger goals of the organization are met. In any given job, hierarchy of authority dictates that managers assign tasks to their subordinates, who must then answer to their superiors.
This is a structured chain of command where managers have the responsibility to both oversee their teams and meet the expectations set by their own superiors.
As the organizational landscape evolves, the structure of the hierarchy and the nature of management are also changing. While there is still a clear chain of command in most organizations, the trend is moving towards a more collaborative approach, with manager/employee relationships becoming more of a two-way street.
Despite these trends, the basic principle remains that each manager, be it on a shift, store, regional, or even higher level, remains in charge of their own responsibility center. In this way, the chain of command and organizational goals are maintained.