A Type of Responsibility Center Which Is Primarily Used in Sales

question 7

Multiple Choice

A type of responsibility center which is primarily used in sales regions is aan)

• A) investment center.
• B) revenue center.
• C) expense center.
• D) profit center.
• E) standard cost center.

---

Definitions:

Income Tax Expense

The amount of expense associated with income taxes due to federal, state, and/or local authorities for a given period.

Corporation Income Statement

A financial statement that outlines the revenues, expenses, and profits or losses of a corporation over a specific period of time.

Cash Dividend Liability

An obligation for a corporation to pay shareholders a declared dividend in cash.

Date of Record

The specific date set by a corporation upon which the company determines the shareholders eligible to receive a dividend or distribution.