What Centres Receive Responsibility Reports Containing Budgeted and Actual Controllable

question 62

Multiple Choice

What centres receive responsibility reports containing budgeted and actual controllable revenues and costs?

• A)Investment centres
• B)Profit centres
• C)Cost centres
• D)Investment, profit, and cost centres

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Definitions:

SSE

Sum of Squared Errors, a measure used in statistical analysis to quantify the variation or dispersion of a set of data points.

Dependent Variable

A variable in an experiment or model whose value depends on that of others.

Independent Variable

A variable in an experiment or study that is manipulated or controlled by the researcher to investigate its effect on a dependent variable.