On What Is a Manager of a Profit Centre Evaluated

question 27

Multiple Choice

On what is a manager of a profit centre evaluated?

• A)the profit that the centre generates
• B)his or her ability to control costs
• C)the amount of return the centre's assets generate
• D)the amount of revenue that can be generated

Calculate cost of goods sold and understand its impact on gross profit.

Understand the significance of nonoperating income and expenses on overall financial performance.

Understand the difference and similarities between perpetual and periodic inventory systems.

Calculate Cost of Goods Sold and Gross Profit for different accounting periods.

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Definitions:

Vascular Tissue

Specialized tissue in plants that conducts water, nutrients, and sugars throughout the plant body, composed mainly of xylem and phloem.

Xylem

A type of tissue in plants responsible for transporting water and nutrients from the roots to other parts of the plant.

Primary Growth

Growth in plants resulting from cell division in the apical meristems, leading to an increase in height and length of the plant.

Terminal Bud

The primary area of growth in most plants, typically found at the tip of a stem where it can give rise to new tissue and extend the length of the stem.