Which of the Following Is an Example of Importing a Service

question 171

Short Answer

Which of the following is an example of importing a service?
A Canadian purchases a ticket to see a performance by a Spanish singer
A Toronto taxi driver takes an American from Pearson airport to a downtown Toronto hotel
A Canadian engineer designs a bridge to be built in Australia
An accountant does financial statements for a Mexican company
A Canadian lawyer goes to California to work on a litigation case

Understand the concept of controllable margin and its use in profit center evaluations.

Distinguish between cost centers and profit centers and their evaluative metrics.

Identify and differentiate between variable, fixed, and controllable costs.

Appreciate the importance of budget reports for managerial feedback and control.