An Organizational Unit Whose Manager Is Responsible Only for the Expenses

question 31

Multiple Choice

An organizational unit whose manager is responsible only for the expenses incurred in the unit is referred to as a

• A)expense center.
• B)cost center.
• C)product center.
• D)manufacturing center.

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Definitions:

Carrying Value

The book value of assets and liabilities as reported in the financial statements.

Securities And Exchange Commission

The U.S. federal agency responsible for regulating the securities markets, protecting investors, and overseeing the securities industry and public securities exchanges.

Subscriptions Receivable

This refers to the amounts owed by subscribers who have not yet paid for the subscription services or publications.

Par Value

The face value of a bond or stock as stated by the issuing company, unrelated to its market value.