Which Statement Is True

question 9

Multiple Choice

Which statement is true?

• A) An investment center is responsible for revenues and expenses as well as earning a return on assets.
• B) An investment center is only responsible for its investments.
• C) An investment center is only responsible for revenues and expenses.
• D) A profit center is evaluated using contribution margin while an investment center is evaluated using ROI.

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Definitions:

Right of Redemption

The legal right of a debtor, particularly a mortgagor, to reclaim their property by paying the debt, usually after a foreclosure.

Foreclosure Sale

A legal process by which a lender sells or repossesses a property after the owner fails to comply with an agreement in the mortgage contract.

Interest

A fee paid for the use of borrowed money, typically a percentage of the amount borrowed.

Mortgage

A legal agreement by which a bank, credit union, or other financial institution lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of the title becomes void upon the payment of the debt.