Which of the Following Is Not a Common Form of a Responsibility

question 39

Short Answer

Which of the following is not a common form of a responsibility center? a. Cost Center.
B) Investment Center
C) Revenue Center.
D) Profit Center.
E) All of the above are common forms of responsibility centers.

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Definitions:

Management

Management involves the activities associated with running a company, such as controlling, leading, monitoring, organizing, and planning, to achieve business goals.

Account Receivable

Outstanding payments from customers to a company for delivered products or completed services.

Future Money

The concept of valuing funds scheduled to be received or paid out in the future, adjusted for time, inflation, or other financial factors.

Business Activity

Any action undertaken by individuals or companies, such as buying, selling, marketing, or production, aimed at generating income.