A Responsibility Center in Which a Manager Is Responsible for Revenues,cost,and

question 40

Multiple Choice

A responsibility center in which a manager is responsible for revenues,cost,and investment is a(n)

• A)cost center.
• B)revenue center.
• C)profit center.
• D)investment center.
• E)none of these.

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Definitions:

Pneumatic Roofing Stapler

A tool powered by compressed air used to drive staples into roofing materials for secure attachment.

Markup Percent

The rate at which a merchandise's price is elevated to set its market selling price.

Residential Hot Water Heater

A device used in homes to heat water for domestic purposes such as bathing and cooking.

Selling Price

The amount a product or service is sold for, which could include profit margins beyond the cost of goods.