Use the Following Two Columns of Items to Answer the Matching

question 82

Multiple Choice

Use the following two columns of items to answer the matching questions below:
-stocks

• A)financial instruments representing partial ownership of a firm
• B)financial instruments issued by borrowers to raise funds
• C)investment companies that sell shares to individuals and invest the proceeds in stocks and bonds
• D)debt that will be paid within a year
• E)financial assets that can be easily sold without a loss
• F)rental property and land

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Definitions:

Direct Expense

A cost that can be directly traced to producing specific goods or services, such as raw materials and labor.

Profit Center

A segment of a business that is responsible for generating its own revenue and profit.

Manager's Performance

Evaluation of how effectively a manager meets objectives and achieves goals.

Support Department Allocation Rate

A rate used to charge internal support department costs to producing departments based on usage or benefit derived.