To Evaluate the Performance of A(an)________, a Top Manager Is

question 100

Multiple Choice

To evaluate the performance of a(an) ________, a top manager is responsible for revenues, costs, and the efficient use of the assets invested in the division.

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

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Definitions:

Direct Competition

The scenario where businesses offer similar products or services and target the same customer base.

Direct Competitor

Companies that offer the same products or services to the same target market and customer base, competing within the same industry.

Gross Domestic Product

Gross Domestic Product (GDP) measures the total economic output of a country, representing the value of all goods and services produced over a specific time period.

Economic Force

A factor that can influence the economy, such as inflation, unemployment rates, or technological advancements.