Which of the Following Is Not a Responsibility Center

question 17

Multiple Choice

Which of the following is not a responsibility center?

• A)Investment center.
• B)Cost center.
• C)Administrative center.
• D)Profit center.
• E)All of the above are responsibility centers.

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Definitions:

Inventory

Refers to the goods and materials a business holds for the purpose of resale or production.

Statement Of Cash Flows

A financial report that summarizes the amount of cash and cash equivalents entering and leaving a company.

Operating Activities

The day-to-day activities of a business that are directly related to its principal revenue-generating operations, such as sales and service delivery.

Indirect Method

A cash flow statement reporting approach that adjusts net income for changes in non-cash accounts to compute cash flow from operating activities.