Which One of the Following Statements About a Profit Centre

question 7

Multiple Choice

Which one of the following statements about a profit centre responsibility report is correct?

• A)It shows budgeted and actual controllable revenues and costs.
• B)Non-controllable fixed costs are reported.
• C)It provides the same information as a cost centre responsibility report.
• D)All fixed costs are deducted from controllable margin.

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Definitions:

Smooth Muscle

Involuntary, non-striated muscle found in the walls of internal organs such as the stomach, intestines, and blood vessels.

Hyaline Cartilage

Gelatinous, glossy cartilage tissue consisting of cartilage cells and their matrix; contains collagen, proteoglycans, and water.

Elastic Cartilage

A type of flexible cartilage that contains elastic fibers, enabling structures like the ear and epiglottis to return to their original shape after being bent or stretched.

Alveolar Ventilation

The exchange of air between the lungs and the environment, specifically involving the alveoli, which are essential for oxygen exchange and carbon dioxide removal.