In a Responsibility Accounting Environment, Which of the Following Managers

question 84

Multiple Choice

In a responsibility accounting environment, which of the following managers is considered to have the broadest responsibility?

• A)Cost center manager
• B)Profit center manager
• C)Investment center manager
• D)Revenue center manager

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Definitions:

Portfolio

A collection of investments held by an individual or an institution which may include stocks, bonds, real estate, and other financial assets.

Securities

Assets in the form of stocks representing part ownership in companies on the stock exchange, bonds signifying creditor status with governments or businesses, or options that offer the possibility of ownership.

Beta

A measure of a stock's volatility in relation to the overall market, indicating its risk compared to the market as a whole.

Portfolio

A collection of financial investments like stocks, bonds, commodities, cash, and cash equivalents, including closed-end funds and exchange-traded funds.