Which of the Following Is NOT a Type of Responsibility

question 123

Multiple Choice

Which of the following is NOT a type of responsibility center?

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

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Definitions:

Promissory Note

A written promise to pay a specified sum of money to a designated person or the bearer at a specified date or on demand.

Negotiated

Negotiated refers to having discussed and agreed upon terms or conditions through a process of bargaining or dialogue between parties.

Holder

The person in possession of a negotiable instrument.

Cheques

Written orders directing a bank to pay a specified sum of money from the writer's account to the person or entity named on the cheque.