Choose the Word or Phrase in [ ] Which Will

question 89

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-The primary reason for investing in mutual funds is [professional management | diversification].

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Definitions:

Absorption-Costing Format

An accounting method that includes all manufacturing costs (direct materials, direct labor, and both variable and fixed overhead) in the cost of a product.

Controllable Costs

Expenses that can be directly controlled or influenced by a manager or decision-maker within a short term.

Cost Centre

A division or department within an organization that does not directly generate revenue but incurs costs, used to monitor and control expenses.

Performance Measure

Indicators used to evaluate the efficiency, effectiveness, and impact of an organization's actions towards achieving predefined objectives.