Consider the following list of responsibility centers and phrases. A cost center......... A revenue center An investment
Question:
A cost center......... A revenue center
An investment center..... Lower
A profit center......... Higher
A responsibility center
Requirement
1. Fill in the blanks with the phrase that best completes the sentence.
a. The maintenance department at the San Diego Zoo is ________.
b. The concession stand at the San Diego Zoo is ________.
c. The menswear department at Bloomingdale’s, which is responsible for buying and selling merchandise, is ________.
d. A production line at a Palm Pilot plant is ________.
e. ________ is any segment of the business whose manager is accountable for specific activities.
f. Gatorade, a division of Quaker Oats, is ________.
g. The sales manager in charge of Nike’s northwest sales territory oversees ________.
h. Managers of cost and revenue centers are at ________ levels of the organization than are managers of profit and investment centers.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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