A Production Department in a Factory Is an Example of a ____________

question 133

Multiple Choice

A production department in a factory is an example of a ____________ center.

• A)standard cost
• B)profit
• C)investment
• D)revenue

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Definitions:

Liabilities

Financial obligations or debts that a company or individual owes, which are recorded on the balance sheet and must be settled over time.

Assets

Resources with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefit.

Subsidiary Corporation

A corporation wholly owned by another corporation (the parent corporation).

Shares

Units of ownership interest in a corporation or financial asset that provide for an equal distribution in any profits, if any are declared, in the form of dividends.