Which of the Following Is Not a Common Form of a Responsibility

question 6

Multiple Choice

Which of the following is not a common form of a responsibility center?

• A)Cost Center.
• B)Investment Center
• C)Revenue Center.
• D)Profit Center.
• E)All of the above are common forms of responsibility centers.

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Definitions:

Dishonor

The refusal or inability to pay a financial obligation or honor a contractual agreement.

Forged Check

A check that has been illegally altered or signed by someone other than the account holder, without authorization.

Bank Statement

A summary issued by a bank detailing all transactions in an account over a specific period of time.

Responsibility

The state or fact of having a duty to deal with something or of having control over someone, often involving ethical or moral obligations.