All of the Following Are Nonfinancial Objectives of Responsibility Centers

question 157

Multiple Choice

All of the following are nonfinancial objectives of responsibility centers except:

• A) quality
• B) productivity
• C) customer satisfaction
• D) operations budgets

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Definitions:

Coupon Rate

A bond's annual interest yield, represented as a percentage of its principal amount.

Market Rate

The market rate refers to the prevailing interest rate available in the marketplace for transactions of a similar nature.

Bonds

Fixed-income securities that represent a loan made by an investor to a borrower, typically corporate or governmental.

Par

The face value of a bond or stock, at which it is issued or can be redeemed before maturity.