Assets Invested in a Responsibility Center Are Included in a Performance

question 66

Multiple Choice

Assets invested in a responsibility center are included in a performance report of a:
$\begin{array} { cc} &\text { Profit Center } & \text {Cost Center } \\\end{array}$
A) $\begin{array} { cc} && \text { Yes } &&&&&& \text { No } \\\end{array}$
B) $\begin{array} { cc} && \text { Yes } &&&&&& \text { Yes } \\\end{array}$
C) $\begin{array} { cc} && \text { No } &&&&&& \text { No } \\\end{array}$
D) $\begin{array} { cc} && \text { No } &&&&&& \text { Yes } \\\end{array}$

• A)\(\begin{array} { cc} && \text { Yes } &&&&&& \text { No } \\\end{array}\)
• B)\(\begin{array} { cc} && \text { Yes } &&&&&& \text { Yes } \\\end{array}\)
• C)\(\begin{array} { cc} && \text { No } &&&&&& \text { No } \\\end{array}\)
• D)\(\begin{array} { cc} && \text { No } &&&&&& \text { Yes } \\
• \end{array}\)
• A) Option A
• B) Option B
• C) Option C
• D) Option D

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Definitions:

Internal Legal Memorandum

A detailed and confidential document used within a law firm or legal department to communicate legal analysis and findings about a particular case or issue.

Discussion

The act of talking about something with another person or group in order to exchange ideas or decide something.

Legal Analysis

The process of examining statutes, judicial decisions, and other legal sources to determine how they apply to specific legal issues.

IRAC Method

A framework used in legal analysis that stands for Issue, Rule, Application, Conclusion.