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:

Improperly Filed

Improperly Filed describes documents or legal filings that have been submitted incorrectly according to court rules or procedures.

Nonlawyer Assistants

Individuals without a legal degree who assist lawyers in their work, performing tasks like research, paperwork, and client communication under the supervision of a licensed attorney.

Lawyers' Duty

A lawyer's duty includes obligations to represent clients competently, act within the bounds of the law, maintain client confidentiality, and prioritize the client's best interests.

Ethical Rule

A principle that guides professional conduct by defining acceptable and unacceptable behavior.