Which of the Following Correctly Indicates the Responsibilities of the Respective

question 103

Multiple Choice

Which of the following correctly indicates the responsibilities of the respective centre?

• A)An investment centre incurs costs, and controls investment funds.
• B)A cost centre incurs costs.
• C)A profit centre incurs costs and controls investment funds.
• D)None of these indicate the correct responsibilities.

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Definitions:

Shipping Term

Conditions that outline the delivery arrangements and responsibilities between buyers and sellers, often specified in contracts.

FAS

A term in international commerce, standing for "Free Alongside Ship," indicating that the seller is responsible for the delivery of goods to a named port alongside a vessel.

Risk Passes

A term indicating the point in a transaction where the liability for loss or damage to goods transfers from the seller to the buyer.

Buyer's Expense

Buyer's expense refers to costs that the purchaser of goods or services is required to pay, outside of the purchase price, such as shipping or taxes.