What Will You Expect to Find on a Responsibility Report

question 99

Multiple Choice

What will you expect to find on a responsibility report for a profit centre?

• A)only direct costs
• B)no indirect fixed costs
• C)all fixed costs-both controllable and non-controllable
• D)controllable margin

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Definitions:

Niche Market

A specialized segment of the market for a particular kind of product or service with specific customer needs.

Business Plan

A document that outlines a company's goals, strategies, market analysis, financial projections, and operational structures.

Market Description

An overview or analysis of a specific market, including size, growth, trends, and demographics.

Change Management

The approach to transitioning individuals, teams, and organizations to a desired future state, managing the human aspects of change to achieve successful outcomes.