Table 9.1 -Table 9.1 Represents 3 Markets for Used Computers. Which of Which

question 185

Multiple Choice

Table 9.1
-Table 9.1 represents 3 markets for used computers. Which of the markets in Table 14.1 are in equilibrium?

• A) 1 only
• B) 2 only
• C) 3 only
• D) 2 and 3

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Definitions:

Cost Center

A department or segment within a company where costs can be allocated, but that does not directly contribute to profit, primarily used for budgeting and control purposes.

Investment Center

A business unit or division that is responsible for its own revenues, expenses, assets, and returns, and is evaluated on its profitability and efficiency in using its assets.

Profit Center

A department or unit within an organization that is responsible for generating revenue and is evaluated based on its profitability.

Service Department

A segment within a business that supports other departments by providing internal services or activities.