Question: A segment whose manager has control over costs, revenues, and investments in operating assets is called: A. Investment Center B. Profit Center C. Cost

A segment whose manager has control over costs, revenues, and investments in operating assets is called: A. Investment Center B. Profit Center C. Cost Center D. Revenue Center Moving to another question will save this response. Question 1 of 5 >>

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Which of the following statements is true - 1 A responsibility center is a business segment whose manager has control over costs, revenues or investments in operating assets. 2 A segment is any part...

1 (2 points) What is a profit center? A business segment whose manager has control over costs and also has control over revenues and the use of investment funds A business segment whose manager has...

Question 1 (2 points) What is a profit center? ()A business segment whose manager has control over costs and also has control over revenues and the use of investment funds O)A business segment whose...

Which of the following is the responsibility center where managers have control over costs, revenues de mare in operating assets a Costcenter b. Profitcenter Investment center d. Service center Which...

Budget A detailed plan for the future that is usually expressed in formal quantitative terms. (p. 407) Cash budget A detailed plan showing how cash resources will be acquired and used over a specific...

12:25 Files X Assignment 4 - Ch 5 and 6 Sign in to edit and save changes to this file. UBT UNIVERSITY OF BUSINESS AND TECHNOLOGY Examples - Ch. 5 & Ch 6 Question 1: choose the correct answer: (Ch. 5)...

AFTER CLASS PRACTICE 10-2 Chapter 10 Terminology 1. A responsibility center whose manager has control over both revenues and costs 2. A responsibility center whose manager has control over costs 3. A...

on 22 Which of the following correctly describes a profit center? - red d out of Select one: a. A business segment whose manager has control over investments b. None of the above g question C. A...

Fill in the blank Asset utilization. Profit center. Budgeted balance sheet. Quantity variance. Cash budget. Relevant range. Cash payback period. Return on sales Contribution margin. Sales order. Cost...

Fill in the blanks with the phrase that best completes the sentence. Some phrases may be used more than once and some not at al Phrases cost center investment center profit center responsibility...

The desired product X can be prepared by reacting the major product of the reactions in LIST-I with one or more appropriate reagents in LIST-II. (Given, order of migratory aptitude: aryl > alkyl >...

Terry Downes lost his job as an operations analyst last year in a company downsizing effort. In looking for job opportunities, Terry remembered reading an article in Fortune stating companies were...

Question content area Part 1 A columnist in the Wall Street Journal writes , "Stocks are meant to be the discounted value of future profits." Briefly explain what he means. Part 2 The value to an...

A hula hoop and solid disc of equal radii are rolled, from rest and without slipping, down an incline plane. Which one will reach the bottom of the inclined plane first? Explain.

Of the following, which method is a likely solution to successfully finish a project that is near completion but may be lagging? A. Ask for additional time to produce the deliverables. B. Ask for...

Of the following, which is a reflection of the project managers ability to lead? A. A project manager who attends regular meetings B. A project manager who speaks with team members weekly C. A...

Why should management reserve be examined near the end of a project? A. To determine the cost of the errors on the project B. To determine the additional revenues that are left in place C. To...