A Responsibility Center in Which the Department Manager Has Responsibility

question 37

Multiple Choice

A responsibility center in which the department manager has responsibility for and authority over costs and revenues is called a (n)

• A) profit center
• B) investment center
• C) volume center
• D) cost center

Understand the global distribution of fresh water and Canada's contribution to it.

Know the seasonal dynamics of temperate lakes, including thermocline formation and turnover.

Describe the characteristics of oligotrophic and eutrophic lakes.

Differentiate between the types of aquatic life zones and their inhabitants.

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Definitions:

Profit Requirement

The minimum level of earnings necessary for a business to sustain its operations or fulfill its financial goals.

Profit Mark-Up

The percentage added to the cost of goods to arrive at the selling price.

Target Selling Prices

The intended price at which a company aims to sell its products, often determined by market conditions and cost considerations.

Target Cost

The desired cost of a product derived from its expected selling price and desired profit.