The Responsibility Center in Which the Manager Does Not Have

question 79

Multiple Choice

The responsibility center in which the manager does not have responsibility and authority over costs is the:

• A)cost center.
• B)investment center.
• C)profit center.
• D)revenue center.

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Definitions:

Loanable Funds Traded

The marketplace for borrowing and lending, where loanable funds are exchanged, often involving financial institutions, with rates influenced by supply and demand.

Interest Rate

Borrowers face a cost, expressed as a percentage of the fundamental amount, for the privilege of using lenders' assets.

Supply of Loanable Funds

The total amount of funds available for borrowing in the economy, influenced by savings, government policies, and financial institutions.

Shift of the Supply Curve

A movement of the entire supply curve to the left or right, caused by a change in a factor other than the price of the good or service itself, indicating a change in the quantity supplied at every price.