Which of the following best describes a profit center:
A) authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply.
B) authority to make decisions affecting the major determinants of profit, including the power to choose its markets and sources of supply, and significant control over the amount of invested capital.
C) authority to make decisions over the most significant costs of operations, including the power to choose the sources of supply.
D) authority to provide specialized support to other units within the organization.
E) responsibility for combining the raw materials, direct labor, and other factors of production into a final product.
Correct Answer:
Verified
Q61: Define and discuss the journal voucher.
Q62: What are the major exposures in the
Q64: What is XML?
Q68: _ refers to the number of subordinates
Q71: Which of the following performance measures cannot
Q71: List two duties that individuals with access
Q74: The difference between the actual performance and
Q79: Explain the purpose and contents of the
Q80: Why is the audit trail necessary?
Q88: What three elements must be present for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents